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NVDA
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Nvidia this week said it'll invest $100 billion into OpenAI in a deal that highlights just how big the chipmaker's investment portfolio has become since the arrival of generative AI in 2022.
That deal came just one week after Nvidia committed a $5 billion investment into one-time rival Intel , and after the company announced its intention to make $500 million investment into self-driving car startup Wayve and a £500 million ($667.7 million) investment into U.K. cloud provider Nscale .
Nvidia's investment spending spree underscores the chipmaker's ascendance to the top of Silicon Valley's pecking order, providing capital and access to its highly desired artificial intelligence chips in exch