Nvidia founder and CEO Jensen Huang.
Patrick T. Fallon/Getty Images
No company looms over the AI startup ecosystem like Nvidia. The $5.5 trillion chipmaker has backed a startup once every five days this year, participating in $266 billion worth of deals as of mid-August.
Don't expect the startup lovefest to change anytime soon.
Nvidia's earnings this week shed light on why Jensen Huang's behemoth cares about the littler guys, which is rooted in its experience backing AI labs. The company has invested nearly $50 billion to date in frontier labs, a sum that shockingly represents a "small fraction" of its free cash flow over the period, Huang said. In return, these AI labs are expected to contribute a quarter of Nvidia's business next fiscal year.
#NVIDIA #fallon
Patrick T. Fallon/Getty Images
No company looms over the AI startup ecosystem like Nvidia. The $5.5 trillion chipmaker has backed a startup once every five days this year, participating in $266 billion worth of deals as of mid-August.
Don't expect the startup lovefest to change anytime soon.
Nvidia's earnings this week shed light on why Jensen Huang's behemoth cares about the littler guys, which is rooted in its experience backing AI labs. The company has invested nearly $50 billion to date in frontier labs, a sum that shockingly represents a "small fraction" of its free cash flow over the period, Huang said. In return, these AI labs are expected to contribute a quarter of Nvidia's business next fiscal year.
#NVIDIA #fallon
2 months ago
