US EditionNvidia just spent over $900 million to hire Enfabrica CEO, license AI startup’s technology
Nvidia's deal includes hiring Enfabrica CEO Rochan Sankar and licensing AI hardware technology that connects over 100,000 GPUs to enhance AI chip infrastructure.
- Last week, Nvidia paid over $900 million to hire Enfabrica CEO Rochan Sankar and other staff and license the startup's technology.
- Enfabrica's technology can link more than 100,000 graphics processing units , which could help Nvidia Corp. build integrated systems that let GPU clusters operate as a single computer for AI training and cloud services.
- Nvidia had already backed Enfabrica in the 2023 Series B, with PitchBook estimating a post-money valuation of about $600 million and a fivefold valuation increase from Series A.
- This move strengthens Nvidia's role as the backbone of the AI boom, marking one of its most sizable investments to date after acquiring Run:ai in the past year.
- Other tech giants have used similar talent deals, including Meta, Google, Microsoft and Amazon, which avoid acquisition regulatory hurdles unlike Nvidia's failed 2022 Arm purchase.
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Nvidia spends $900M to hire Enfabrica CEO and license AI startup tech for hardware push - Tech Startups
Nvidia has just struck one of its biggest talent-and-tech deals yet, paying more than $900 million in cash and stock to hire Enfabrica CEO Rochan Sankar and other employees, while also licensing the startup’s networking technology, according to an exclusive […] The post Nvidia spends $900M to hire Enfabrica CEO and license AI startup tech for hardware push first appeared on Tech Startups.
Nvidia Reportedly Spends Over $900 Million To Hire Enfabrica CEO Rochan Sankar And License Startup's Breakthrough Technology - Alphabet (NASDAQ:GOOG), Amazon.com (NASDAQ:AMZN)
Nvidia Corp. (NASDAQ:NVDA) has reportedly struck a deal worth more than $900 million to bring on Enfabrica CEO Rochan Sankar and key employees while licensing the startup's technology designed to link over 100,000 GPUs into unified systems. Nvidia Expands With Enfabrica Deal On Thursday, CNBC reported that the transaction, finalized last week, combines cash and stock. Sankar has already joined Nvidia as part of the agreement, according to people…
Nvidia spent over $900 million to hire Enfabrica CEO, license technology, CNBC reports
Nvidia has spent over $900 million to hire Enfabrica CEO Rochan Sankar and other staff at the artificial intelligence hardware startup, and to license the company's technology, CNBC reported on Thursday.
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