"AI is powering a new industrial revolution and reinventing every layer of the computing stack - from silicon to systems to software. At the heart of this reinvention is NVIDIA's CUDA architecture. This historic collaboration tightly couples NVIDIA's AI and accelerated computing stack with Intel's CPUs and the vast x86 ecosystem - a fusion of two world-class platforms. Together, we will expand our ecosystems and lay the foundation for the next era of computing,"
"The investment, equal to about 2% of Intel, makes SoftBank the fifth-biggest shareholder, according to FactSet. It's a vote of support for Intel, which hasn't been able to take advantage of the artificial intelligence boom in advanced semiconductors and has spent heavily to stand up a manufacturing business that's yet to secure a significant customer."
Intel shares rose roughly 24% with intraday volume well above average after Nvidia announced a $5 billion investment to co-develop data-center and computer chips. Nvidia emphasized AI's transformative role and tied its CUDA architecture to a collaboration that couples Nvidia's AI and accelerated computing stack with Intel CPUs and the x86 ecosystem. Earlier, SoftBank invested $2 billion, becoming a top-five Intel shareholder. The U.S. government committed $8.9 billion, signaling confidence in Intel's role in advancing national semiconductor priorities and expanding domestic manufacturing capacity.
Read at 24/7 Wall St.
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