Intel Invests in AI Chips, Autonomy, and Chip Design
With a market cap of around $263 billion, Intel remains the world’s biggest chipmaker. That may be changing though, as they’re being challenged by the likes of NVIDIA which now has a market cap of around $220 billion. In order to remain competitive, Intel spent about $13.4 billion on research & development (R&D) in 2019. Check out this super interesting table of companies that the MBAs over at PwC think are the world’s most innovative (Intel is in fifth place):
It’s hard to fathom the amount of research you can accomplish in a single year with $13 billion dollars compared to the typical $100 million round a startup might raise trying to bring some new product to market. It’s probably fair to say that Intel has tabs on what’s happening in the startup ecosystem. When they choose to invest in a startup, there must be a very good reason for it.
A few weeks ago, Intel Capital, Intel Corporation’s global investment arm, announced 11 new investments totaling $132 million in various disruptive technologies. If you’re a startup that Intel has decided to invest in, you must be doing something very cool. For that reason, we decided to take a closer look at each of these eleven startups – two from Israel, three from China, and six from ‘Murica.
