(Bloomberg) Graphcore Ltd., a UK microchip maker, is considering a sale to foreign buyers after failing to successfully cash in on the boom in artificial intelligence, the Telegraph newspaper reported, citing industry sources it didn’t identify. Most Read from BloombergTrump Keeps NY Empire Intact as Judge Rescinds Asset-Sale OrderTrump Organization Hit With $365 Million Fine in Fraud TrialUK, Allies Look to Arm Ukraine With AI-Enabled Swarm DronesTop Investors Share the Toughest Lessons They
Global AI Chipsets Market Report 2023, Featuring Company Profiles for Xilinx, Graphcore, Huawei Technologies, IBM, Intel, NVIDIA, Micron Technology and Samsung Semiconductor
According to a forecast the company made through 2027, Graphcore will need to raise more cash to break even, the filing said. The company is in talks with investors to raise money but has not reached an agreement.
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