Tech
Nvidia Allocated $1 Billion to Artificial Intelligence Firms in 2024.
(VOR News) – Furthermore, Nvidia invested close to $1 billion in artificial intelligence (AI) businesses in 2024.
According to a Financial Times (FT) study that cited Dealroom’s analysis and corporate papers, Nvidia invested in fifty corporate agreements and startup fundraising rounds in 2024.
According to the survey, Nvidia invested in these things. This is a fifteen percent increase over the eighty-seven million dollars the business spent on thirty-three different financing rounds in 2023.
After completing an analysis of the information, the Financial Times disclosed that Nvidia had mostly made investments in AI companies that needed a lot of processing power.
This group includes companies that use NVIDIA chips.
Although Nvidia took part in more funding rounds than Amazon and Microsoft combined, Google ultimately outperformed all three within the same 12-month period, taking part in almost 120 venture capital rounds. This was true even though Nvidia took part in more investment rounds than Microsoft and Amazon combined.
It was revealed in late December 2024 that would be participating as an investor in the $6 billion Series C fundraising round that xAI had successfully finished. The additional investors included, among others, Sequoia Capital, Morgan Stanley, Blackrock, and AMD. The generative applications-focused artificial intelligence business was founded by Elon Musk.
The company’s supercomputer, which had up to 100,000 Nvidia H100 graphics processing units, was deployed in Memphis the year before. The purchase of an additional 100,000 graphics processing units (GPUs) from Nvidia is anticipated to be the primary use of the recently obtained monies.
Nvidia invests in CoreWeave, OpenAI, Cohere, Mistral, and Perplexity. Authorities around the world are growing more concerned about the dominance of some companies in the artificial intelligence (AI) space, even as the bubble is still expanding.
In August, the DOJ launched two GPU antitrust investigations.
These inquiries aim to determine whether the company has abused its market dominance by pressuring companies to buy more goods in order to obtain graphics processing units (GPUs) while simultaneously penalizing companies that buy chips from rival manufacturers.
Furthermore, it has been alleged that the Department of Justice is looking into the company’s acquisition of Bright Computing in 2022 and Run:ai in April 2024, which sold for a combined $700 million.
The French Autorité de la concurrence (Competition Authority) is allegedly looking into the prospect of filing anti-competition charges against Nvidia, which was the subject of a search of its French offices in 2023.
More broadly, research examining the risks associated with competition in artificial intelligence is being carried out by the UK and the EU.
In the course of its investigation, the Financial Times referred to Bill Kovacic, who formerly chaired the U.S. Federal Trade Commission. Kovacic thinks that it is crucial that regulatory agencies look at the possibility that “exclusivity” could result from a “dominant enterprise making these big investments” by purchasing firm stakes.
Nvidia claimed that the idea was untrue and that any support from the company was not dependent on the infrastructure utilization limitations being met. Nvidia is trying to better our platform for everyone, support excellent startups, and develop our ecosystem, a company spokeswoman told DCD in a statement.
We got the statement from DCD. We can compete and succeed based only on our own merits, regardless of the amount of money we invest in our company. Every organization must have the autonomy to choose technology in a way that best suits its goals and business plans. This should be doable.
By June of 2024, Nvidia had twice overtaken Apple to take the top spot as the world’s most valuable firm. Its market capitalization was $3 trillion at that point. The company’s overall revenues as of November 2024 were $35.1 billion, a 94% increase over the previous year’s data.
SOURCE: DCD
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