Nvidia is deploying unprecedented sums to tighten its grip on the artificial intelligence industry, committing roughly $90bn to dealmaking over the past 16 months as chief executive Jensen Huang becomes one of the biggest funders of AI groups reliant on its chips.
The world’s most valuable listed company committed about $47bn to investments and partnerships in the year to January 25 and has earmarked a further $43bn in the four months since, according to company disclosures and PitchBook data.
The spending spans more than 145 companies, from AI model developers and cloud providers to suppliers building the infrastructure underpinning the boom. “They are funding everyone,” said a Silicon Valley banker.
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