Nvidia() plans to invest in d-Matrix, a developer of AI server chips.
d-Matrix’s AI server chips compete with Nvidia’s products. The planned investment is one of Nvidia’s moves to make its technology compatible with rival chip designers and to integrate them into its own hardware ecosystem.
The financial terms of the investment are not yet clear.
A former Nvidia competitor
Founded in 2019, d-Matrix has raised about $500 million to date and is valued at roughly $2 billion. Microsoft is one of its investors, through its venture arm M12.
Over the past few years, it has become clear that AI inference is likely to become the single largest computing workload. AI service providers such as OpenAI have long said their main bottleneck is the availability of compute. Even as these companies build huge, power-hungry data centers to run training and inference workloads, demand remains for optimized hardware and software.
Read more