💨 Abstract

SoftBank Group, a Japanese technology investor, has agreed to buy Ampere Computing, a U.S. chip startup founded by a former Intel president, for $6.5 billion in cash. The deal is part of SoftBank's increased investment in artificial intelligence (AI) infrastructure. Ampere makes data center central processing unit (CPU) chips based on Arm Holdings' computing architecture. This acquisition deepens SoftBank's commitment to AI innovation in the U.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖