Nvidia Invests in AI Chipmaker Arm and Voice AI Firm SoundHound Among Others
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Nvidia invested in 5 AI companies in Q4 2023, including Arm Holdings, Nano-X Imaging, Recursion Pharmaceuticals, TuSimple, and SoundHound AI.
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Arm Holdings designs processors used in 50% of all chips globally; Nvidia previously tried to acquire them for $40B.
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SoundHound AI provides conversational AI for hospitality and automotive industries.
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Arm stock is expensive with 45.5 P/S ratio, higher than Nvidia's 35.9 ratio.
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SoundHound partners with Nvidia's Drive platform to deliver in-vehicle AI assistants without connectivity.