Nvidia Emerges as Leading Investor in AI Companies

Nvidia, the world's most valuable chipmaker, has become one of the most prolific investors in AI start-ups this year, seeking to capitalise on its position as the dominant provider of AI processors. From a report: Silicon Valley-based Nvidia said on Monday it had 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. According to estimates by Dealroom, which tracks venture capital investments, Nvidia participated in 35 deals in 2023, almost six times more than last year.

That made the chipmaker the most active large-scale investor in AI in a banner year for dealmaking in the sector, outstripping Silicon Valley's largest venture firms such as Andreessen Horowitz and Sequoia, according to Dealroom, excluding small-scale accelerator funds such as Y Combinator that place many smaller bets. 'Broadly, for Nvidia, the number one criteria [for making start-up investments] is relevancy,' Mohamed Siddeek, head of its dedicated venture arm NVentures, told the Financial Times. 'Companies that use our technology, who depend on our technology, who build their businesses on our technologyâ...âI can't think of a situation where we've invested in a company that did not use Nvidia products.'

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