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Nvidia emerged as the most aggressive tech player in AI startup funding over the past two years, with 83 deals compared to Alphabet’s 73 and Microsoft’s 40 during the same period.
Key investments:
Perplexity: Nvidia has been a consistent backer of the AI search engine startup since November 2023. In December 2024, Perplexity AI closed a $500 million funding round, tripling its valuation to $9 billion, as per sources. The company is developing a search product to compete with Alphabet Inc.’s Google.
xAI: Nvidia participated in the $6 billion funding round of Elon Musk’s xAI, in December.
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