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Nvidia-Intel Strike Historic $5 Billion Deal to Build Next-Gen AI Infrastructure
Nvidia's major announcement: Nvidia, the world's leading chip manufacturer, has announced a $5 billion investment in struggling Intel. The two companies will work together on AI infrastructure and personal computer-related products.
On Thursday, the largest chip manufacturer in the world, Nvidia, announced that it will invest $5 billion in Intel. This investment will be made by purchasing Intel's common stock at $23.28 per share. However, regulatory approval will be required to finalize the deal.
The two companies will work together on custom data centers and PC products. These data centers will form the basis of an artificial intelligence infrastructure. Nvidia says this collaboration will strengthen both companies' ecosystems and provide a new direction for next-generation computing.
Nvidia CEO Jensen Huang said, "This historic partnership combines Nvidia's AI and accelerated computing stack with Intel's CPUs and x86 ecosystem. Together, we will break new ground in technology."
