Nvidia Joins $150 Million Funding for AI Chatbot Maker Kore.ai

Nvidia Corp. has joined a $150 million capital infusion for chatbot-builder Kore.ai, making its latest investment in an AI sphere that’s become reliant on its high-end chips.

FTV Capital led the round for Kore.ai, which plans to use the financing to develop more virtual assistants for global brands, the company said Tuesday. The Orlando-based startup counts enterprise customers including Coca-Cola Co., Airbus SE and Roche Holding AG, it said. LG Electronics Inc. runs its chatbot to support online shoppers for its products.

Nvidia, an existing Kore.ai backer before its latest round, has struck a number of deals ...