If the Transformer paper author is struggling to raise money, then the bubble is about to burst. Nvidia has hired Ashish Vaswani, founder and CEO of Essential AI, and several others from the Essential AI team, according to a source close to the startup, who said Vaswani will be working on Nvidia’s Nemotron open-source models. According to the source, Vaswani was struggling to raise money and said that “taking Ashish/Essential away from AMD was also a motivator.” AMD, one of Nvidia’s main chip competitors, was an early strategic investor in Essential AI and the startup has long relied on AMD GPUs. https://www.groundlevel-ai.com/p/nvidia-quietly-acquihires-essential submitted by /u/ImaginaryRea1ity
Originally posted by u/ImaginaryRea1ity on r/ArtificialInteligence