We are the champions, Nvidia wins CPU business from Modal, previously exclusive to AMD and Intel
Landon Capital News
Nvidia Corp has secured central processor chip business from Modal, an AI cloud-computing startup that previously used only Intel and AMD processors, marking progress in Nvidia’s effort to enter a market dominated by those two companies.
Modal said Monday it will begin using Nvidia’s new Vera central processor to host AI agents, which are systems designed to complete extended tasks for users. The startup has operated such workloads exclusively on Intel and AMD chips until now.
The San Francisco-based company raised $750 million last week in a funding round led by Accel at a $15.75 billion valuation. Modal said it expects to reach $1 billion in sales over the next year. The company reported that usage of its services tripled and revenue grew more than 15 times year-over-year.
About Landon Capital
Landon Capital Inc. is a media company that wholly owns subsidiaries Landon Capital Management LLC and Landon Capital News. Landon Capital News distributes economic, and political news in over 176 countries. Landon Capital News provides an in depth and simplistic look at financial, economic, and political news, as it is happening. We also provide our viewers with in-depth analysis on various companies and political news that directly correlate to economics. We bridge the gap of information between the investor and the markets, sectors and industries that they invest. For more information, please contact us at info@landoncapital.net or 404-995-6671 or visit https://landoncapital.net.
Safe Harbor Statement
This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. Landon Capital received no direct compensation related to this release. This release contains certain forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Actual results may differ materially from those stated or implied in.
