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Former Intel CEO Pat Gelsinger has backed a new $100 million venture aimed at challenging Nvidia's dominant position in AI networking technology, a move analysts say could benefit AMD as an alternative supplier in the space. The initiative reflects growing industry efforts to break Nvidia's grip on critical AI infrastructure components. The development adds to a string of challenger efforts targeting Nvidia's networking and interconnect advantages, which have been a key pillar of its AI data-center dominance alongside its GPUs.