NVIDIA | Pixr8 News

25Jul By PriyankaNo Comments

ACQUISITION

NVIDIA acquires AI Platform Brev

San Francisco-headquartered AI/ML development platform Brev.Dev has been acquired by the GPU powerhouse NVIDIA. In recent developments, Nvidia also acquired three more AI startups like Shoreline.io valued at around $100 million, Deci, an Israeli startup, valued at an estimated $300 million, further strengthens Nvidia's portfolio in the AI technology space. Brev, a platform tailored for AI/ML development, streamlines the process of constructing, training, and deploying ML models in the cloud. Developed by and for developers, Brev addresses the complexities of scaling ML projects with its agile yet robust platform. It utilizes various cloud providers to optimize GPU selection for cost-effectiveness, enabling the execution of any code on GPU instances for comprehensive model training a...

Nvidia Surpasses Entire European Stock Markets Value

The surging shares of Nvidia Corp. have propelled the U.S. company to a staggering market value surpassing the combined stock markets of entire European countries, as reported by Deutsche Bank Research. Investor fervor for Nvidia's (NVDA) stock has catapulted the artificial-intelligence chip maker to the top spot among U.S. companies on Tuesday, with a market value exceeding $3.3 trillion. Jim Reid, global head of macro and thematic research at Deutsche Bank Research, highlighted that in less than a month, Nvidia's market cap surpassed the total of all listed stocks in Germany, the UK, and France. Reid noted that Nvidia's market capitalization surged from 2 trillion to 3 trillion in just 30 trading days starting from April 24, with an additional trillion dollars added since Ma...

NVIDIA beats Intel and Microsoft, acquire Mellanox for $6.9 Billion

Tech-based company NVIDIA will acquire Mellanox for approx $6.9 billion beating other tech giants like Microsoft and Intel in the acquisition race. As per the report, NVIDIA will acquire all of the issued and outstanding common shares of Mellanox for $125 per share in cash. The deal will complete in the end of 2019. In the media report, Microsoft was interested in the acquisition of Mellanox. Then Intel came into the picture, looking to buy it for around $6 billion but in the end, NVIDIA emerged on the last day offer higher bid a $7 billion+ all-cash and seal the deal. The acquisition will unite two of the world’s leading companies in high performance computing (HPC). Together, NVIDIA’s computing platform and Mellanox’s interconnects power over 250 of the world’s TOP500 supercomp...