UK AI Chip Startup Graphcore Explores Sale Amid Mounting Losses Despite $700M in Funding
• Graphcore, a UK AI chip designer, is exploring a sale after struggling financially despite $700m in funding
• The company has been unable to compete with Nvidia's graphics chips during the AI boom
• Rumored potential buyers include Arm, Softbank, and OpenAI
• Graphcore continues fundraising talks to cover mounting losses after laying off staff and closing offices
• The company's intelligence processing units could be a valuable asset in the expanding AI market, but any sale over $500m may get national security scrutiny