Some investors and founders say they lost an ally in Jensen Huang; Nvidia held $48B in 229 private companies as of July and offered $165B in cloud backstops (New York Times)
Nvidia held $48 billion spread across 229 private companies as of July while also providing $165 billion in cloud backstops. Despite these vast financial commitments supporting the tech sector, interpersonal and business relationships have frayed. Several startup founders and outside investors now say they have lost an ally in Nvidia chief executive Jensen Huang.
Key points
Massive capital deployments have not prevented strained ties between Jensen Huang and com…: Massive capital deployments have not prevented strained ties between Jensen Huang and company founders.
Nvidia maintains a multi-billion dollar investment footprint across hundreds of emerging…: Nvidia maintains a multi-billion dollar investment footprint across hundreds of emerging private tech firms.
Substantial cloud backstops represent a significant financial commitment by Nvidia to sup…: Substantial cloud backstops represent a significant financial commitment by Nvidia to support industry infrastructure.
Sources checked by our analysis pipeline: 1
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Sarah Perez / TechCrunch: |
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