India, Sept. 20 -- Nvidia has reportedly hired Enfabrica CEO Rochan Sankar and other staff at the artificial intelligence hardware startup after spending over USD 900 million. The company has also secured the license to its technology.

Nvidia is paying cash and stock, a deal reminiscent of AI talent acquisitions made by Meta and Google in recent times, CNBC reported. The deal was reportedly finalised last week and Enfabrica CEO has joined Nvidia, an American tech giant known for its graphics processing units (GPUs) for video games, artificial intelligence (AI), data centers, and self-driving cars. Nvidia has been central to the AI boom that started with OpenAI's ChatGPT in 2022.

Enfabrica, on the other hand, is faced with another challe...