Lets off more than 100 staff in US and UK, shutters offices in three countries
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Headcount shrank fron 631 in 2021 to 494 last year, the accounts filed with UK company repository, Companies House, confirm., Graphcore confirmed it has prepared a detailed cashflow forecast through to December 2027 which indicates the Group needs further funding before a planned cashflow break-even point is reached.
It appears, however, the popularity of Nvidia GPUs for accelerating some AI workloads is capturing much of the capital funding, with the US biz recently given a stock market valuation in excess of $1 trillion.
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