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eu.36kr.comSEP 202 min read

Intel Veterans Team Up to Challenge NVIDIA NVLink with Next

Intel veterans launch startups Cornelis and Delos to challenge NVIDIA's NVLink in AI computing. Cornelis raised $205M, targeting Scale-up interconnection with Active Compute Fabric. Delos secured over $100M, proposing MoXI for unified data interfaces. UALink, backed by 115 companies, aims to counter NVLink's dominance. NVIDIA counters with NVLink Fusion, expanding to third-party CPUs and AI ASICs.

Original reporting
eu.36kr.com
Published Sep 20, 2026, 3:23 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 20, 2026, 3:54 AM UTC. Informational, not investment advice.
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Intel Veterans Team Up to Challenge NVIDIA NVLink with Next — source image
Source · eu.36kr.com
Decision brief

The 30-second read

Low
01

Why it matters

The capital raises could accelerate development of open AI fabric solutions, introducing competitive pressure on NVIDIA and influencing investor sentiment toward AI infrastructure stocks.

02

Market read

The announcements introduce new competitive dynamics in the AI data‑center interconnect space, potentially affecting NVIDIA and related AI hardware equities.

03

What to watch

Potential regulatory scrutiny of AI data pathways and the need for industry-wide standard adoption could delay commercialization.

Relevance 7/10Novelty 7/10Timing: mid-September 2026 financing announcements

Background

Two Intel veteran‑led startups, Cornelis Networks and Delos Data, announced $205M and $100M+ financing respectively to develop AI scale‑up interconnect technologies competing with NVIDIA's NVLink.

Market effects

Sector

Highlights emerging competition to NVIDIA's NVLink in AI interconnect market, may pressure NVIDIA pricing and market share.

Regional

Shows increased venture activity in US AI infrastructure startups, potential spillover to Silicon Valley ecosystem.

Global

Signals a shift toward open, scalable AI fabric standards that could affect global AI hardware supply chains.

Counterpoint

What could challenge this read

The startups may struggle to gain traction against entrenched NVIDIA ecosystem; financing may not translate to market share.

Key entities

  • Company
    Cornelis Networks

    Spin‑off from Intel's Omni‑Path business, raised $205M to launch Active Compute Fabric for AI scale‑up interconnect.

  • Company
    Delos Data

    Founded by former Intel and Barefoot executives, raised >$100M to develop MoXI and high‑bandwidth I/O chiplet solutions.

  • Company
    NVIDIA

    Incumbent provider of NVLink, responding with NVLink Fusion to maintain market position.

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