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Nvidia CEO Jensen Huang said that the company's $5 billion investment and technology collaboration with Intel comes after the two companies held discussions for nearly a year.

Huang said that he communicated personally with Intel CEO Lip-Bu Tan about the partnership. He called Tan a "longtime friend" on a Thursday call with reporters after the companies announced that Nvidia would co-develop data center and PC chips with Intel as part of the investment deal . On the call, Tan said he and Huang have known each other for 30 years.

"We thought it was going to be such an incredible investment," Huang said.

Nvidia said it will collaborate with the chipmaker to create artificial intelli

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