AI Networking Firm Cornelis Raises $205 Million to Challenge Nvidia

AI networking company Cornelis has secured $205 million in a funding round led by IAG Capital Partners. Spun off from Intel in 2020, the firm developed the Active Compute Fabric to improve communication efficiency between AI chips, allowing them to process and transmit data simultaneously to reduce GPU idle time. Cornelis aims to compete with Nvidia by offering an open architecture that supports various GPUs and accelerators, contrasting with Nvidia's preference for customers to use its proprietary full-stack hardware.