Nvidia leaps into AI investments, becoming the most active large-scale investor in the field

Nvidia, the world's most valuable chipmaker, has become one of the leading investors in AI start-ups this year, having invested in over two dozen companies. According to Dealroom, Nvidia participated in 35 deals in 2023, nearly six times more than last year, making it the most active large-scale investor in AI. Nvidia's investments total $872 million, over ten times its investment in the same period last year, the Financial Times reports. The companies Nvidia invests in all use its technology, with its portfolio now including Inflection AI, Cohere, Hugging Face, and CoreWeave. Nvidia's latest investment was in Paris-based AI start-up Mistral.