Nvidia has paid about one billion dollars to bring fresh talent and technology from AI hardware startups.
according to a CNBC The report on Thursday, Nvidia spent more than $ 900 million cash and stock to rent Rochan Shankar, CEO of AI Chip Startup. MalevolentAlso many other employees in the company. Additionally, as part of the deal, NVIDIA is allowed to license the Enfabrica technique. The deal was closed last week, and Shankar has already started working in Nvidia, copy CNBCSource source.
Enfabrica chips Use Special software to maintain the speed of the data center, but the cost is low. Standout feature of the startup is a system that includes inexpensive memory costs that reduce the cost of operating AI.
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The deal, including bringing new talents, is similar to those organized by Google and Meta recently. In June, Meta invested $ 14.3 billion at AI data training startup scale AI. In this deal, the startup was left to join the Meta Superintending Team at Alexandra Wang, CEO of former Scale AI.
Meanwhile, in July, Google signed a $ 2.4 billion agreement with AI Coding Startup Windsurf to appoint the CEO of the Startup, Varun Mohan, as well as other employees. Google also obtained a noxclusive license for Windsurf’s technology.
Jensen Huang, CEO of Nvidia. Photo by Chesanot/Getty Image
The advantage of trading money for new talents is that technical giants can ignore the campus Regulatory obstacles It comes with the acquisition – and still nurtures top talent from other companies.
NVIDIA first began its participation with Enfabrica in 2023, one as one of the backers in one $ 125 million Series B Funding Round for Startup. Enfabrica was last given a price of about $ 600 million in November, according to the $ 115 million series C round pitch book,
NVIDIA has recently made or believed some other high-profile deals. Earlier this week, the AI chipmaker announced that it would invest $ 5 billion in Intel to develop advanced technology, a deal that NVDA CEO Jensen Huang will called “An incredible investment.” On Friday, Nvidia signed a letter of intention to evaluate Investment of $ 500 million In self-driving car startup.
NVIDIA is the world’s most valuable company, a place it was claimed in June. A month later, Nvidia became the world’s first company to exceed $ 4 trillion in market value. AI chipmaker is worth $ 4.32 trillion At the time of writing.
Connected: The CEO of NVidia has warned that ‘some jobs’ will disappear as an estimate of AI chipmaker’s earnings
Nvidia has paid about one billion dollars to bring fresh talent and technology from AI hardware startups.
according to a CNBC The report on Thursday, Nvidia spent more than $ 900 million cash and stock to rent Rochan Shankar, CEO of AI Chip Startup. MalevolentAlso many other employees in the company. Additionally, as part of the deal, NVIDIA is allowed to license the Enfabrica technique. The deal was closed last week, and Shankar has already started working in Nvidia, copy CNBCSource source.
Enfabrica chips Use Special software to maintain the speed of the data center, but the cost is low. Standout feature of the startup is a system that includes inexpensive memory costs that reduce the cost of operating AI.
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