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SoftBank invests $457 million in UK AI chipmaker Graphcore

SoftBank has injected an additional $457 million into UK artificial intelligence chip company Graphcore. Graphcore issued a single share worth $457 million on April 10, and a company spokesperson confirmed the funds were SoftBank’s investment. A person familiar with both companies said the money is part of funding Graphcore is set to receive from SoftBank this year, suggesting further support. SoftBank bought Graphcore in 2024 and is expanding its AI and semiconductor investments.