Nvidia is in discussions to acquire a stake in UK-based chip designer Arm before it goes public. A stake in Arm will complement Nvidia's competencies as the world's top chipmaker, as it rides the AI boom. Nvidia previously tried to acquire Arm in 2020 – before US competition authorities blocked the move. While nothing has been finalized yet, Arm is looking for Nvidia to become a so-called anchor investor, the outlet said. Anchor investment is where an institution purchases a portion of a company's shares before it debuts on the stock market.

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Persons: EV carmaker Rivian Organizations: Nvidia, Service, Financial Times, EV carmaker Locations: –, Wall, Silicon, British, Santa Clara