Nvidia has significantly ramped up its investments in AI startups, reflecting its financial success since the launch of ChatGPT over two years ago, which has driven a surge in revenue and stock prices.

In 2024 alone, Nvidia participated in 49 funding rounds for AI companies, a substantial increase from 34 in 2023 and only 38 combined over the previous four years.

The company's corporate venture capital fund, NVentures, has also seen a dramatic rise in activity, engaging in 24 deals in 2024 compared to just 2 in 2022.

Nvidia's commitment to fostering innovation in AI is evident in its backing of startups, often involving rounds exceeding $100 million.

Key investments since 2023 include $100 million in OpenAI during a $6.6 billion funding round and participation in Elon Musk's xAI's $6 billion round.

The company has diversified its investment strategy across various sectors within AI, including autonomous driving, data management, and healthcare applications.

Notable investments include $1.3 billion in Inflection, $1.05 billion in Wayve, and $1 billion in Scale AI, among others.

Additionally, Nvidia has invested in startups raising between $100 million and $1 billion, such as Crusoe ($686 million), Figure AI ($675 million), and Mistral AI ($640 million).

Despite OpenAI's request for its investors to avoid backing direct competitors, Nvidia invested in Elon Musk's xAI during its $6 billion funding round.

As of 2025, Nvidia has already participated in seven funding rounds for AI companies this year.

Nvidia was a lead investor in Inflection's $1.3 billion round in June 2023, which faced challenges after Microsoft acquired its founders for a technology license.

In May 2024, Nvidia joined a $1.05 billion funding round for Wayve, a UK startup focused on autonomous driving technology.