Israeli AI-chip startup Element Labs, founded by billionaire Avigdor Willenz, is aiming to compete with chip giants like Broadcom, Marvell, and Nvidia. The company plans to offer an end-to-end hardware system that includes communication chips, core processors, a graphics processor, and a software layer. This move comes as tech companies seek to develop their own chips and communication systems to reduce reliance on companies like Nvidia and Intel. Element Labs has adopted a stealthy approach to hiring, relying on word of mouth and networking rather than traditional recruitment methods.