The dark satanic rumour mill claims that the outfit is set to churn out its first AI server chip, giving Nvidia a run for its money. Nvidia's been hogging the AI chip market like it's their birthright, but Rivos is ready to crash the party.

Rivos is playing coy about their new toy but let's just say it's built on the RISC-V architecture. That's right, the open-source darling that's got Arm, Intel, and AMD shaking in their boots because it doesn't cost a penny in license fees.

Lip-Bu Tan, the big cheese at Walden Catalyst and one of Rivos' backers is all about building hardware that's as flexible as a contortionist, just like Nvidia's CUDA.

There's a rumour that Allen Wu, the ex-bigwig of Arm China, is cooking up his own RISC-V chip firm. With a crew of Arm's old hands, they're not just dipping their toes; they're diving headfirst into the chip pool. The plot's a bit murky, though.

Will they be doing their own thing, or playing middleman for Tenstorrent in China? Either way, they're not just playing for peanuts – they're in it to win it.