Nvidia spent over $900 million to hire Enfabrica CEO, license technology, CNBC reports

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Nvidia has spent over $900 million to hire Enfabrica CEO Rochan Sankar and other staff at the artificial intelligence hardware startup and to license the company’s technology, CNBC reported on Thursday.

The AI chip giant is paying in cash and stock, CNBC said, citing two people familiar with the arrangement. The deal closed last week and Sankar has already joined Nvidia.

Enfabrica, a Silicon Valley-based chip startup, is tackling one of the biggest technical problems that has emerged in the AI field: how to tie tens of thousands or more chips together…



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Nvidia spent over $900 million to hire Enfabrica CEO, license technology, CNBC reports



Nvidia has spent over $900 million to hire Enfabrica CEO Rochan Sankar and other staff at the artificial intelligence hardware startup and to license the company’s technology, CNBC reported on Thursday.

The AI chip giant is paying in cash and stock, CNBC said, citing two people familiar with the arrangement. The deal closed last week and Sankar has already joined Nvidia.

Enfabrica, a Silicon Valley-based chip startup, is tackling one of the biggest technical problems that has emerged in the AI field: how to tie tens of thousands or more chips together…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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