Home News Intel and Arm Reach reach agreement on startup initiative that supports the growth of AI

Intel and Arm Reach reach agreement on startup initiative that supports the growth of AI

by SuperiorInvest

Key takeaways

  • Intel and Arm announced Friday an agreement to collaborate on an initiative that provides financial, manufacturing and intellectual property support to startups.
  • The companies suggested the move could help boost innovation in AI.
  • As competition in the AI ​​space increases, Arm, Intel and other key players like Nvidia have invested significantly in startups.

Intel (INTC) and chip designer Arm (ARM) said Friday that the companies finalized an agreement to collaborate on an initiative that provides financial, intellectual property (IP) and manufacturing support to startups.

The collaboration, called the Emerging Business Initiative, was first announced at last month's Intel Foundry conference and builds on a partnership established last April, in a move the companies suggested could help drive innovation in artificial intelligence. (AI).

“Startups play a crucial role in realizing the great promise of transformations like AI. The Emerging Business Initiative provides a path for startups to leverage cutting-edge Arm-based SoCs and the capabilities of Intel Foundry global manufacturing to bring your ideas to life. Intel senior vice president and general manager of foundry services Stuart Pann said in a statement.

Arm and Intel have benefited from the boom in demand for AI, and as competition in the space increases, they, along with other key players such as Nvidia (NVDA), have invested significantly in startups as part of their efforts to strengthen its positions as a new technology. it develops rapidly.

Intel shares finished 0.4% higher at $42.57 on Friday, while Arm shares gained 0.4% to $134.15. Intel shares have risen about 46% over the past 12 months, and Arm shares have more than doubled in value since the company went public in September.

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