Nvidia Rejects Arbitrum's AI Ambitions: What’s Next for Ethereum's L2?
Arbitrum (ARB) wanted to join Nvidia's Ignition AI Accelerator program but was reportedly rejected as part of the chipmaker's risk control strategy.
The Layer 2 (L2) network has been strategically trying to rebuild amidst an ongoing struggle to recover from an 85% drop in price.
Nvidia Rejects Arbitrum's Offer
Reports indicate that Arbitrum had originally planned to be Ethereum's partner in Nvidia's Ignition AI Accelerator program. However, the L2 network was reportedly rejected at the last moment. As it turned out, the American multinational technology company prefers to avoid cryptocurrency companies for risk control reasons:
“Nvidia recently explicitly excluded cryptocurrency-related projects from its Inception program,” reported Wu Blockchain.
In fact, when Nvidia launched its acceleration program, the company articulated on the application page that cryptocurrency-related companies would not be eligible:
