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UK chipmaker G‎raphcore set for unicorn status

By Mark Kleinman, City editor
A British chipmaker is about to become the latest UK-based technology start-up to achieve coveted "unicorn" status with a fundraising valuing it at more than $1bn (?790m).
Sky News has learnt that ‎Graphcore is close to finalising a new round of financing to raise roughly €150m from new and existing investors.
People close to the deal said on Wednesday that it would value the company, which specialises in the production of hardware for artificial intelligence (AI) devices, at "north of" $1bn.
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