Nvidia Tie-Up Leaves Intel a Bit Short

Nvidia plans to invest $2.7 billion to support the UK’s artificial intelligence industry by funding startups and partnering with venture capital firms.

The chipmaker will back autonomous vehicle developers Wayve and Oxa. (Photo: Wayve X)

The chipmaker will back autonomous vehicle developers Wayve and Oxa; fintech firm Revolut; and AI companies PolyAI, Synthesia, Latent Labs, and Basecamp Research, Bloomberg News reported.

Nvidia’s decision to invest $5 billion in troubled rival Intel and collaborate on PC and server products cheered investors, but it still left Intel without a crucial building block for its future, Ian King wrote in today’s Tech In Depth.

Intel’s foundry business — manufacturing chips for other companies — urgently needs a major customer. But Nvidia isn’t yet ready to move away from Taiwan Semiconductor Manufacturing Co. (TSMC), the industry leader.