Nvidia Is Accelerating Its Investing Spree in AI Startups (1)

Nvidia Corp. has gradually become one of the most important players in the venture capital world, without being a VC firm.

The chipmaker said last month that it’s planning to invest $100 billion in OpenAI — a deal that would mark the largest startup investment of all time. It’s part of a growing string of bets on private artificial intelligence companies Nvidia has made across the world. At the company’s highly anticipated GTC event in Washington on Tuesday, Nvidia Chief Executive Officer Jensen Huang called out a number of private companies that his company’s taken stakes in by name, including the AI firm Perplexity, ...