Intel gets $5 billion lifeline from Nvidia, 20 years after saying no to $20 billion deal

Two decades after Intel declined to acquire Nvidia for $20 billion, the tables have turned. Nvidia is now investing $5 billion in Intel, forging a chip partnership where Intel will embed Nvidia’s graphics and manufacture AI processors. This deal highlights Nvidia’s rise to AI dominance, while Intel seeks relevance through collaboration after missing the AI revolution.