No company has capitalized on the AI revolution more dramatically than Nvidia. Its revenue, profitability, and cash reserves have skyrocketed since the introduction of ChatGPT over two years ago ' and the many competitive generative AI services that have launched since. And its stock price soared. The chip giant ramped up its venture capital activity in 2024, participating in 49 funding rounds for AI companies, a sharp increase from 34 in 2023, according to PitchBook data. It's a dramatic surge in investment compared to the previous four years combined, during which Nvidia funded only 38 AI deals. Note that these investments exclude those made by its formal corporate VC fund, NVentures, which also significantly ramped up its investing in the last two years. (PitchBook says NVentures engaged in 24 deals in 2024, compared to just 2 in 2022.) Below is a list of startups that raised rounds exceeding $100 million where Nvidia is a named participant since 2023, including new ones it has...
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