Nvidia chucking money at AI

Stefan Mileschin · 13th December 2023, 12:33

Invests in 24 companies this year

Nvidia has become one of the most prolific investors in AI start-ups this year as it tries to capitalise on its position as the dominant provider of AI processors.

The chipmaker announced that it has invested in "more than two dozen" companies this year, from big new AI platforms valued in the billions of dollars to smaller start-ups applying AI to industries such as healthcare or energy.

Analyst Dealroom, which tracks venture capital investments, claims that Nvidia participated in 35 deals in 2023, almost six times more than last year.

This would make Nvidia the most active large-scale investor in AI last year, outstripping Silicon Valley's largest venture firms such as Andreessen Horowitz and Sequoia.

https://fudzilla.com/news/ai/58094-n...ng-money-at-ai

13th December 2023, 12:33	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	Nvidia chucking money at AI Invests in 24 companies this year Nvidia has become one of the most prolific investors in AI start-ups this year as it tries to capitalise on its position as the dominant provider of AI processors. The chipmaker announced that it has invested in "more than two dozen" companies this year, from big new AI platforms valued in the billions of dollars to smaller start-ups applying AI to industries such as healthcare or energy. Analyst Dealroom, which tracks venture capital investments, claims that Nvidia participated in 35 deals in 2023, almost six times more than last year. This would make Nvidia the most active large-scale investor in AI last year, outstripping Silicon Valley's largest venture firms such as Andreessen Horowitz and Sequoia. https://fudzilla.com/news/ai/58094-n...ng-money-at-ai

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