Nvidia has agreed to invest $5 billion in its struggling rival Intel [non-paywalled source] as part of a deal to develop new chips for PCs and data centres, the latest reordering of the tech industry spurred by AI. From a report: The deal comes a month after the US government agreed to take a 10 per cent stake in Intel, as Donald Trump's administration looks to secure the future of American chip manufacturing. However, the pair's announcement makes no reference to Nvidia using Intel's foundry to produce its chips. Intel, which has struggled to gain a foothold in the booming AI server market, lost its crown as the world's most valuable chipmaker to Nvidia in 2020. On Thursday Jensen Huang, Nvidia's chief executive, hailed a "historic collaboration" and "a fusion of two world-class platforms," combining its graphics processing units, which dominate the market for AI infrastructure, with Intel's general-purpose chips. Further reading: Intel Weighed $20 Billion Nvidia Takeover in 2005.

Read more of this story at Slashdot.

LimeWire, once notorious for fueling online piracy, has acquired the rights to the infamously disastrous Fyre Festival brand. "LimeWire Acquires Fyre Festival Brand -- What Could Possibly Go Wrong?" the company titled its news release. LimeWire said it would "unveil a reimagined vision for Fyre -- one that expands beyond the digital realm and taps into real-world experiences, community, and surprise." No additional details were announced about the relaunch. "Fyre became a symbol of hype gone wrong, but it also made history," LimeWire CEO Julian Zehetmayr said. "We're not bringing the festival back -- we're bringing the brand and the meme back to life. This time with real experiences, and without the cheese sandwiches."

Read more of this story at Slashdot.