Nvidia's AI startup funding faces test as Jensen Huang exits

Founders and investors say Nvidia, which put tens of billions into startups under Huang, may pull back, leaving room for rivals and lower valuations.

Jensen Huang, who co-founded and led Nvidia for 33 years, has officially stepped down as CEO; Colette Kress is interim CEO.

According to PitchBook, Nvidia took part in 105 funding rounds this year, often as the largest investor.

Investors expect Nvidia to be more selective, write smaller checks into existing portfolios, and see valuations fall.

Some investors hope large cloud companies and other chipmakers will fill the gap, but few expect the wider AI boom to stop.

Read the full story

Zaviya