Newsletter
Graphcore is planning to announce a $1.3 billion investment package in India that includes a new research hub.
SoftBank Group-owned Graphcore designs advanced AI chips and computing systems that accelerate machine learning training, inference, and large-scale data processing.
The deets: the company plans to open the research facility in Bengaluru and plans to hire as many as 500 people in the semiconductor space over the next five years. The AI engineering campus will play a central role in Graphcore’s work, and building the future of AI computing.
Bottom out: India is rapidly emerging as a key hub for artificial intelligence, with its 1.4 billion people embracing the technology across sectors such as agriculture, education, and manufacturing.
While AI revenue from India is still modest, global tech giants like Nvidia, Microsoft, and Meta are placing big bets on its booming economy. They see India as both a key growth market and a promising alternative to China in the global AI landscape.
