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Nvidia's AI empire: A look at its top startup investments | TechCrunch

Jan 11, 2025 - techcrunch.com
Nvidia has significantly capitalized on the AI revolution, with its revenue and stock price soaring since the introduction of ChatGPT. The company has increased its investments in AI startups, participating in 49 funding rounds in 2024, up from 34 in 2023, excluding those made by its corporate VC fund, NVentures. Nvidia's goal is to expand the AI ecosystem by backing startups it considers "game changers and market makers." Over the past two years, Nvidia has been the most active tech corporation in AI investments, participating in 83 deals, compared to Alphabet's 73 and Microsoft's 40.

Notable investments include Nvidia's participation in OpenAI's $6.6 billion round, xAI's $6 billion round, and Inflection's $1.3 billion round. Other significant investments include Wayve, Safe Superintelligence, and Scale AI, each raising over $1 billion. Nvidia also invested in startups like Crusoe, Figure AI, Mistral AI, Cohere, and Perplexity, with rounds ranging from $500 million to $686 million. Additionally, Nvidia backed companies like CoreWeave, Sakana AI, Imbue, and Waabi, with investments exceeding $100 million.

Key takeaways:

  • Nvidia has significantly increased its investments in AI startups, participating in 49 funding rounds in 2024, up from 34 in 2023.
  • In the past two years, Nvidia has been the most active large tech corporation investing in AI startups, with 83 deals compared to Alphabet's 73 and Microsoft's 40.
  • Nvidia participated in several high-profile funding rounds, including a $6.6 billion round for OpenAI and a $6 billion round for xAI.
  • Nvidia's investments aim to expand the AI ecosystem by backing startups considered "game changers and market makers."
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