Nvidia: Leading the Charge in AI Investments
Nvidia has become a powerhouse in the AI revolution, showcasing a remarkable surge in revenue, profitability, and market valuation since the rise of ChatGPT and other generative AI services over the past two years. This growth has enabled Nvidia to significantly ramp up its investments, particularly in AI startups. According to PitchBook data, Nvidia participated in 49 funding rounds for AI companies in 2024 alone, a notable increase from 34 in 2023. This surge is even more impressive when compared to the mere 38 AI deals made over the previous four years combined.
- OpenAI: Nvidia joined the $6.6 billion round with a $100 million investment.
- xAI: Participated in a $6 billion round despite previous ties with OpenAI.
- Inflection: Invested in a $1.3 billion round, later marked by Microsoft’s acquisition of technology licenses.
- Wayve: Contributed to a $1.05 billion round for autonomous driving technology.
- Safe Superintelligence: Backed former OpenAI chief scientist’s new venture with $1 billion.
- Scale AI: Joined forces with leading tech giants for a $1 billion investment.
- Crusoe: Participated in raising $686 million for data center development.
- Figure AI: Engaged in a significant $675 million Series B round.
- Mistral AI: Reinvested during a $640 million Series B round.
- Cohere: Continued support in a $500 million funding round.
- Perplexity: Maintained investment momentum with a $500 million round.
- Poolside: Contributed to a $500 million funding milestone.
“Nvidia’s strategic investments are designed to expand the AI ecosystem by supporting startups that are considered ‘game changers and market makers.'”
{Nvidia statement}
This proactive approach has positioned Nvidia as the most active corporate investor in AI startups over the last two years, surpassing other industry giants like Alphabet and Microsoft. The strategy not only fuels the growth of emerging technologies but also strengthens Nvidia’s influence within the AI sector.
Looking ahead, Nvidia’s continued investment in innovative startups indicates its commitment to shaping the future of AI technology. With these strategic partnerships, Nvidia is setting the stage for continued leadership and advancement within this rapidly evolving industry.
