Nvidia has experienced a dramatic increase in revenue, profitability, and cash reserves since the introduction of ChatGPT, with its stock price soaring over eightfold. The GPU maker has significantly increased investments in startups, especially in those focusing on AI. In 2024, Nvidia participated in 49 funding rounds for AI companies. The company’s corporate investing aim is to expand the AI ecosystem by supporting startups that it views as “game changers and market makers.”
Nvidia has been the most active investor among large technology corporations, as their 83 investment deals in the last two years have surpassed others like Alphabet and Microsoft. Nvidia has invested in several startups that have raised over $100 million in rounds, with their participation in various sectors like data labeling, AI robotics, and enterprise-focused AI chatbots. These investments have continued to grow in a variety of AI-focused companies.
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