According to a statement by AMD, the deal value proposed does not include working capital and other adjustments. Established by a group of four ex-engineers of Cisco Systems Inc. in the year 2017, Pensando takes into account the Microsoft cloud unit Azure and Goldman Sacha as its customers. Using cloud computing, users can expect as much computing power as required in various parts of the globe with just a few clicks. The software takes care of the mechanism of data shuffling to suitable physical machines. For instance, last month, Nvidia released a new chip for speeding up artificial intelligence functions in data centers.

Source: Economic Times April 05, 2022 19:24 UTC