SoftBank has invested $457 million into Graphcore, an AI chip company it acquired in 2024, to support the development of artificial general intelligence (AGI). This funding is part of SoftBank's broader strategy to expand its AI infrastructure and hardware capabilities, including collaborations with OpenAI and other major projects. Graphcore is also planning a £1 billion AI campus in India and hiring extensively to advance its AI chip and system technologies. This move highlights SoftBank's continued commitment to leading innovation in AI technology.
The AI market is evolving from focusing mainly on GPUs for training large models to increasing demand for CPUs to handle inference tasks, which involve running AI models in real-world applications. This shift highlights the growing importance of stea...
Bernstein analyst David Dai initiated coverage of Arm Holdings with an outperform rating and a $300 price target, highlighting the company's dominant position in mobile processors and its growing role in server CPUs. The analyst sees Arm at the cente...
April's Producer Price Index (PPI) rose 1.4% month-over-month, the largest increase since March 2022, driven mainly by services rather than goods. Despite this, the broader market reaction was surprisingly muted, indicating no widespread inflation co...
