Graphcore, a Bristol, UK-based artificial intelligence (AI) chip company, offers advanced artificial intelligence processors (IPUs) designed to meet AI's unique computing requirements, including the world's first processor in a 3D Wafer-on-Wafer (WOW) package in 2022. The past year has been a wave of AI and Graphcore should theoretically reap huge benefits, but this is not the case. 
According to The Telegraph, although Graphcore has invested heavily in the development of AI chips, it has not been able to gain a foothold and make a profit from it, and its revenue has even fallen by 46% in 2023, and as the losses widen, it has to seek new financing to ensure normal operation. Graphcore is currently in discussions with overseas investors about a potential deal with which it plans to raise approximately 5With $2.8 billion in funds, there are rumors of industry celebrities such as Arm and OpenAI. The deteriorating global macroeconomic environment had a significant impact on Graphcore's hardware sales, which was further impacted by US restrictions on the sale of AI technology. Back in October last year, it was rumored that Graphcore wanted to secure investment to cover operational losses. To reduce expenses, Graphcore also made redundancies and closed offices around the world.
It's unclear where Graphcore is in this negotiation, and whether it will coincide with separate funding talks. However, it will not be easy for Graphcore to give its assets to overseas investors, and in the interest of security, these transactions will need to be approved by the competent authorities in the UK.