NVIDIA has invested more than $100 billion in artificial intelligence companies over the past two years, strengthening its influence across the rapidly expanding AI industry. The chipmaker has directed substantial funding toward cloud-computing startups such as CoreWeave, as well as AI research companies including Thinking Machines and Safe Superintelligence.
NVIDIA has also invested in Cursor, an AI-powered code-editing startup that SpaceX reportedly acquired this week in a deal valued at $60 billion.
This week, NVIDIA announced plans to help raise more than $500 billion through a consortium of major financial firms, including Apollo Global, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs, and KKR. The funding is intended to provide additional capital for the company’s customers. NVIDIA plans to partially guarantee loans arranged by Wall Street investors, using the value of its AI chips as collateral.
NVIDIA’s growing market power has accelerated the development of AI infrastructure while tying an increasing share of the technology sector to the chipmaker’s hardware and software ecosystem.
SpaceX also plans to significantly expand its computing capacity. The company intends to increase capacity from 2 gigawatts to nearly 10 gigawatts by the end of 2027, according to comments Elon Musk made to investors last week.
SpaceX’s initial public offering generated substantial returns for early investors. Google owns approximately 7 percent of the rocket company after investing $900 million in 2015, according to FactSet data. Google told investors in July that the value of its SpaceX stake had reached approximately $94 billion.
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Source: arstechnica.com