NYT: Nvidia held $48B in 229 private firms, offered $165B cloud backstops; investors say Huang less of an ally
A New York Times report details how some investors and founders say they lost an ally in Nvidia CEO Jensen Huang, despite the company's deep involvement in the startup ecosystem. As of the end of July, Nvidia held $48 billion in stakes across 229 private companies, including OpenAI and Anthropic, and offered $165 billion in cloud backstops. The report highlights a shift in perception among those who once viewed Huang as a champion of startups.
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New York Times : 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 — Mr. Huang championed start-ups, with Nvidia holding $48 billion worth of stakes in 229 private companies, including OpenAI and Anthropic, at the end of July.
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