SoftBank has injected $450 million into this British AI chip company

Softbank has injected more than $450 million into a chip company, CNBC has learned, as the Japanese investment giant looks to continue its major play in AI infrastructure and hardware . Graphcore, which is developing AI chips and systems and was acquired by the Japanese giant in 2024, issued a single share at the value of $457 million on April 10, according to a Companies House filing. A Graphcore spokesperson confirmed to CNBC that the money was funding from SoftBank. …