Business | Cognac and chips

Nvidia’s $5bn stake in Intel is a shrewd political move 

But it deepens the incestuousness of the AI industry 

Photograph: Getty Images
|LOS ANGELES|3 min read

Before Nvidia’s Jensen Huang and Intel’s Lip-Bu Tan started a press conference to announce a “historic” partnership between the two American chipmakers on September 18th, they were caught in an apparent hot-mic incident. Mr Huang gushed about an “excellent” 1912 Cognac he had savoured at a state banquet the night before with Britain’s King Charles and President Donald Trump. There wasn’t enough of it, though, he joked.

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