SoftBank, a Japanese multinational investment holding company, completed the acquisition of Graphcore, a British semiconductor company. Financial terms were not disclosed. "This is a tremendous endorsement of our team and their ability to build truly transformative AI technologies at scale, as well as a great outcome for our company. Demand for AI compute is vast and continues to grow. There remains much to do to improve efficiency, resilience, and computational power to unlock the full potential of AI. In SoftBank, we have a partner that can enable the Graphcore team to redefine the landscape for AI technology," Nigel Toon, Graphcore CEO.