Intel and Arm Launch AI Startup Support Initiative to Bolster Innovation
• Intel and Arm reached an agreement to collaborate on an initiative providing support to AI startups, called the Emerging Business Initiative
• The support will include financial, manufacturing, and intellectual property assistance to help propel innovation
• As competition increases in the AI space, Intel, Arm, and Nvidia have invested heavily in startups to strengthen positions
• The agreement builds on an existing partnership between Intel and Arm established last April
• Intel and Arm shares have surged over the last year as demand grows for AI technology