AssetID: 55105734
Headline: UNCAPTIONED: Nvidia To Invest $5 Billion In Rival Intel Amid AI Boom
Caption: Nvidia To Invest $5 Billion In Rival Intel Amid AI Boom. Chipmaker Nvidia has announced a five billion dollar investment in rival Intel giving the struggling semiconductor giant a major boost. The deal will see Nvidia take around a four percent stake, making it one of Intel’s largest shareholders. The two companies will also partner on developing chips for personal computers and data centres, as demand for artificial intelligence continues to soar. News of the deal sent Intel’s stock up more than 25 percent, while Nvidia shares climbed three percent. Intel has faced years of setbacks expanding its chipmaking capacity while Nvidia has dominated the AI market, pushing its market value past four trillion dollars compared with Intel’s one hundred billion. Nvidia CEO Jensen Huang called the partnership a “fusion of two world-class platforms,” saying it would expand ecosystems and lay the foundation for the next era of computing. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Chipmaker,AI,Nvidia,announced,five billion dollar investment,rival,Intel,struggling,four percent state,shareholders,companies,partner,developing chips,stock price,rising,Jensen Huang
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