Posted 1/31/2024, 6:29:00 PM
Nvidia Ramps Up Startup Investments By 280% In 2023 As Big Tech Peers Pull Back
- Nvidia's startup investments jumped 280% year-over-year to $872 million in the first 9 months of 2023
- Nvidia became the 4th biggest corporate venture investor while others like Microsoft, Meta, and SoftBank pulled back
- Nvidia's blowout financial performance in 2022 provided capital for increased investments
- Investments focused on AI infrastructure and healthcare AI startups
- Nvidia announced 3 more startup investments already in early 2024, signaling continued growth