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GPU Manufacturer Nvidia Buys Chip Maker ARM for $40 Billion

California-based Nvidia is buying British computer chip designer Arm Holdings from Softbank Group Corp. in a deal worth $40 billion. Nvidia, which specializes in making hardware for video game consoles and the crypto mining sector, said in a press release that it would pay Softbank a combination of cash and shares in the transaction. The Japanese conglomerate bought Arm for $32 billion in 2016. The latest deal is expected to create “the premier computing company for the age of artificial intelligence” (AI), according to Jensen Huang, chief executive officer of Nvidia. He added that Arm would remain headquartered in Cambridge,…

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Ethereum Price Creates GPU Shortage, Some Manufacturers Blame Nvidia

During the last four weeks, cryptocurrency markets have gathered significant value, and the crypto asset ethereum gained over 40% during the last 30-days. The price of ether moving northbound has caused a strain on the graphics processing unit (GPU) market, as ETH miners have become scarce. Regional reports stemming from China explain that GPU miners are becoming much harder to obtain since the price of ether started rising exponentially. Ethereum (ETH) touched an 11-month high on Monday, touching $327 per coin. Statistics from Etherscan shows that Ethereum’s network hashrate has increased by 25.7% since the first week in January 2020.…

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