Nvidia just made a $2 billion investment in Synopsys, adding to its thick web of AI deals
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Nvidia just made a $2 billion investment in Synopsys, adding to its thick web of AI deals
"Nvidia has made a $2 billion investment in semiconductor design firm Synopsys, adding to the chipmaker's large web of AI-related investments. Nvidia said on Monday that it had purchased $2 billion of Synopsys common stock as part of a partnership to accelerate the development of AI for design and engineering applications. "Our partnership with Synopsys harnesses the power of NVIDIA accelerated computing and AI to reimagine engineering and design - empowering engineers to invent the extraordinary products that will shape our future," Nvidia CEO Jensen Huang said in a release."
"Nvidia has long been a prolific investor in other companies, but it has ramped up its spending in recent months with investments in ElevenLabs and Nscale. In September, Nvidia said it plans to invest up to $100 billion in OpenAI to support the build-out of AI data centers. Earlier that month, Nvidia also made a $5 billion bet on Intel. The expanding web of investments, which has included some circular financing, has raised bubble concerns among market watchers."
Nvidia purchased $2 billion of Synopsys common stock as part of a partnership to accelerate AI for design and engineering. The partnership pairs Nvidia's accelerated computing and AI capabilities with Synopsys's semiconductor design expertise to reimagine engineering and product development. Nvidia has increased its investment activity recently, including stakes in ElevenLabs and Nscale, a planned up-to-$100 billion investment in OpenAI, and a $5 billion investment involving Intel. The expanding network of investments, including some circular financing, has prompted concerns among market watchers about potential market excesses.
Read at Business Insider
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