Nvidia drops a cool $900 million on Enfabrica tech and hiring its CEO, report claims — AI networking chip company boasts capacity to connect 100,000 GPUs together

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Nvidia has reportedly paid out more than $900 million to hire the CEO of AI networking hardware company, Enfabrica. Rochan Sankar and a number of his colleagues at Enfabrica will become Nvidia staff members as part of the deal, and Nvidia will get the option to license the company’s hardware, according to CNBC.

The deal will reportedly involve cash and stock options, and comes just two years after Nvidia invested part of a $125 million fund into Enfabrica. However, while the company was valued in the…



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Nvidia drops a cool $900 million on Enfabrica tech and hiring its CEO, report claims — AI networking chip company boasts capacity to connect 100,000 GPUs together



Nvidia has reportedly paid out more than $900 million to hire the CEO of AI networking hardware company, Enfabrica. Rochan Sankar and a number of his colleagues at Enfabrica will become Nvidia staff members as part of the deal, and Nvidia will get the option to license the company’s hardware, according to CNBC.

The deal will reportedly involve cash and stock options, and comes just two years after Nvidia invested part of a $125 million fund into Enfabrica. However, while the company was valued in the…



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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