SoftBank Group Corp. (OTC:SFTBF) (OTC:SFTBY) led by has announced the acquisition of Graphcore, a UK-based chipmaker, in a significant move to bolster its artificial intelligence capabilities. What Happened: SoftBank, led by Masayoshi Son, has acquired Graphcore, a startup focused on AI, founded by UK semiconductor industry veterans in 2016. The acquisition is part of SoftBank’s multibillion-dollar AI push and will position Graphcore alongside chip designer Arm Holdings PLC (NASDAQ:ARM) in SoftBank’s portfolio, the Financial Times reported on Friday. “With the advent and the acceleration of AI…
