The trillion-dollar chipmaker has done over two dozen deals, through its Nventures investing arm and corporate development team. Portfolio companies say the deal comes with intangibles, like access to research teams and even the company’s famous CEO.hen Terray Therapeutics, an AI biotech firm, first trained its artificial intelligence model Coati early last year, CEO Jacob Berlin thought the technology was “pretty good.” It was functional, but could be better.
“We invest broadly—in the broadest sense of the word,” Sid Siddeek, corporate vice president and head of Nventures, told. “Not just dollars, but expertise, technology, benefits, and all kinds of stuff.” He noted that one goal of the investments is “generating a healthy return for Nvidia, just like any financial investor.”
"A VIP pass would be a bit of an exaggeration, but it's just a little bit better than if we didn't have this relationship," said Jorge Torres, CEO of MindsDB, a startup that allows developers to connect AI models to data sources.it doesn’t allow prioritized access to GPUs. As startups and tech giants alike compete in an arms race to train the most powerful AI models, GPUs have become a new form of currency.
Another big draw of an Nvidia investment: Jensen Huang, Nvidia’s leather jacket-clad leader. When it comes to access to the CEO, experiences vary across portfolio companies. For some, like Imbue and Utilidata, a company that aims to use AI to remake the energy grid, Huang was part of the courting process, meeting personally with founders. He’s been accessible since, said Qiu, the Imbue CEO.
Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Herkunft: TheBlock__ - 🏆 464. / 53 Weiterlesen »