Nvidia takes $2 billion stake in Synopsys as AI deal spree accelerates

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Nvidia has invested $2 billion in chip design software maker Synopsys as part of an expanded multi-year tie-up to jointly develop new tools for designing products across industries using its AI technology.

The deal, unveiled by the companies on Monday, adds to Nvidia’s slew of new partnerships in the artificial intelligence ecosystem amid concerns of increasingly circular deals.

Synopsys shares rose 7% in premarket trading, while those of Nvidia fell nearly 2%.

The world’s most valuable firm has invested billions of dollars this year in companies linked…



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Nvidia takes $2 billion stake in Synopsys as AI deal spree accelerates



Nvidia has invested $2 billion in chip design software maker Synopsys as part of an expanded multi-year tie-up to jointly develop new tools for designing products across industries using its AI technology.

The deal, unveiled by the companies on Monday, adds to Nvidia’s slew of new partnerships in the artificial intelligence ecosystem amid concerns of increasingly circular deals.

Synopsys shares rose 7% in premarket trading, while those of Nvidia fell nearly 2%.

The world’s most valuable firm has invested billions of dollars this year in companies linked…



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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