Nvidia has become a front-runner in capitalizing on the AI revolution, witnessing substantial growth in revenue and stock price since the emergence of ChatGPT. The company ramped up its venture capital efforts, participating in 49 funding rounds for AI startups in 2024, a notable increase from 34 in 2023. Besides, its corporate VC fund NVentures has also seen a significant uptick, engaging in 24 deals in 2024 versus just 2 in 2022, as Nvidia aims to support what it deems "game changers" in the AI space.
Nvidia has dramatically increased its venture capital activity, participating in 49 funding rounds for AI companies in 2024, up significantly from previous years, as it aims to expand the AI ecosystem.
The chip giant's venture capital fund, NVentures, also ramped up its activity, engaging in 24 deals in 2024, compared to just 2 in 2022, showcasing its commitment to the AI sector.
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