1. SoftBank has acquired Graphcore, an eight-year-old AI company, for an estimated $600 million. 2. Graphcore's CEO, Nigel Toon, stated that the company will contribute to the next generation of AI computing within the SoftBank Group. 3. Despite raising $700 million and reaching a valuation of over $2.5 billion at one point, Graphcore reported sales of $2.7 million and a loss of $205 million in 2022.