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  "documentTitle": "2024 Air Street Capital The State of AI Report 2024",
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      "text": "Known for betting big, SoftBank is entering the arena, tasking subsidiary Arm with launching its first AI chips in 2025 and acquiring struggling UK start-up Graphcore for a rumoured $600-700M.",
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      "text": "Known for betting big, SoftBank is entering the arena, tasking subsidiary Arm with launching its first AI chips in 2025 and acquiring struggling UK start-up Graphcore for a rumoured $600-700M.\nArm is already a player in the AI world, but historically, its instruction set architecture has not been optimal for the large-scale parallel processing infrastructure required for datacenter training and inference. It’s also struggled against NVIDIA's entrenched data center business and mature software ecosystem.\nWith a current market cap of over $140B, markets aren’t bothered. The company is reportedly already in talks with TSMC and others about manufacturing.\nSoftBank also scooped up Graphcore, which pioneered Intelligent Processing Units, a processor designed to handle AI workloads more efficiently than GPUs and CPUs, using small volumes of data. Despite its sophistication, the hardware was often not a logical choice for genAI applications as they took off.\nThe company will operate semi-autonomously under the Graphcore brand.\nMeanwhile, Softbank’s talks with Intel on designing a GPU challenger stalled after they were unable to agree on requirements.",
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