Tech mega-deal: Nvidia will buy chip designer for $40 billion

SANTA CLARA — Nvidia, a Silicon Valley graphics chip maker riding a hot streak, has reached a deal to buy a British chip designer, betting the transaction can propel Nvidia to a leadership position in a new computer era powered by artificial intelligence.

“AI is the most powerful technology force of our time and has launched a new wave of computing,” Jensen Huang, founder and chief executive officer of Nvidia, referring to artificial intelligence, stated in a blog post.

Santa Clara-based Nvidia has agreed to pay $40 billion to buy Arm, an England-based unit of tech titan Softbank.

“In the years ahead, trillions of computers running AI will create a new internet-of-things that is thousands of times larger than today’s internet-of-people,” Huang said in a blog post on the Nvidia web site.

In a previous blog post, Nvidia made it clear that it intended to become an ever-bigger player in the new and increasingly connected world of artificial intelligence.

“A scalable, accelerated platform is necessary to drive decisions in real-time and allow every industry — including retail, manufacturing, healthcare, and smart cities — to deliver automated intelligence to the point of action,” Nvidia stated in the prior blog post.

 

 

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Source:: The Mercury News – Business

      

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