India AI hub: Graphcore to chip in with £1 bn

Graphcore will invest up to £1 billion over the next decade in India and set up an artificial intelligence (AI) engineering office in Bengaluru, the British AI chipmaker said.

- AVIK DAS

The company, owned by Japan's SoftBank, will also create 500 new semiconductor jobs, with an immediate target of hiring about 100 experienced engineers in areas such as silicon logic design, physical design, verification, characterisation, and 'bringup' to kick off the centre.

"Since the acquisition, we have been expanding the team and building a road map of products at a rapid pace. We recognised that, besides the team in the UK, we needed to have a second team that could take the ball and run with it," Nigel Toon, chief executive officer of Graphcore, told Business Standard.