tech π€ Nvidia banks $3.5B bet on MediaTek for AI chip game
Nvidia is investing $3.5 billion into Taiwanese chipmaker MediaTek to tackle competition from Big Tech. This partnership allows MediaTek to use Nvidia technology for custom AI chips plugged into Nvidia data centers. The deal comes as major cloud providers build their own chips to reduce reliance on Nvidia's GPUs. This move lets MediaTek expand its custom chip business, aiming for $2 billion in revenue by 2026. Furthermore, collaboration continues on AI-powered vehicles and consumer AI PCs. π€