Nvidia Confirms It S Buying Arm For 40B To Expand Its Ai Efforts

The deal will see Nvidia further develop its AI computing platform to reach more devices and applications, while also radically reshaping the global semiconductor industry. Jenson Huang, the company’s CEO, noted: [Read: Are EVs too expensive? Here are 5 common myths, debunked] …For Arm’s ecosystem, the combination will turbocharge Arm’s R&D capacity and expand its IP portfolio with NVIDIA’s world-leading GPU and AI technology. Arm, which designs processors for a wide range of consumer products including phones and laptops, will retain its headquarters in Cambridge, but also add on an AI-focused R&D center there. The goal is to not only develop chips for the aforementioned applications, but also to allow Nvidia to “build a state-of-the-art AI supercomputer, powered by Arm CPUs.” The deal will see Nvidia pay $12 billion in cash and $21.5 billion in sales. SoftBank and its $100 billion Vision Fund will get a stake of between 6.7% and 8.1% in Nvidia. So you’re interested in AI? Then join our online event, TNW2020, where you’ll hear how artificial intelligence is transforming industries and businesses.