Nvidia Corp.(NASDAQ:NVDA), the posterchild of the AI revolution, did not just capitalize on the rising demand for its AI accelerators but has also flexed its muscle as a venture capital investor in firms leveraging on the technology, a Wall Street Journal report said on Sunday.
What Happened:Nvidia has invested in about three dozen startups, with investments in other companies rising sharply from $300 million a year ago to $1.55 billion at end-January, the Journal report said, citing Dealogic data and company data.
Nvidia's investment rationale is not getting superlative returns but giving it a toehold in the...
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