While many firms are reducing their deal numbers, Nvidia is accelerating its pace, particularly in AI. Some of the largest deals Nvidia has participated in this year include a $350 million Series B for Adept AI, a $270 million round for Cohere, and a $230 million Series E for Skydio. Although the specifics of Nvidia's investments are not known, it is clear that the company aims to be a dominant player in the AI sector.
Key takeaways:
- Nvidia has become a leading investor in AI, participating in 11 funding deals in the third quarter, mostly in AI-related startups.
- Some of the deals include a $125 million Series B for Enfabrica, a $200 million Series B for Imbue, and a $155 million Series C for AI21 Labs.
- Other major deals Nvidia participated in this year include Adept AI’s $350 million Series B, Cohere’s $270 million round, and Skydio’s $230 million Series E.
- Nvidia is aiming to be the dominant player in AI, investing in companies that are innovating in AI and chip processing for large language models.