Nvidia Invested $1bn in AI in 2024 (Market Value Grew By $2 Trillion)

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In today’s Daily:

• Nvidia’s $1 Billion AI Investment: Leads the AI Investment Space in 2024

• Nvidia Acquired Run:ai for $700 Million

• Is Gemini 2.0 a Threat to Photoshop?

• Putin orders AI cooperation with China

✅ Nvidia’s $1 Billion AI Investment: Leads the AI Investment Space in 2024

Nvidia has made waves in 2024 by investing $1 billion in AI startups, solidifying its role as a key player in the AI revolution. The semiconductor giant, whose high-performing GPUs are powering breakthroughs in artificial intelligence, has significantly ramped up its support for emerging companies in the industry.

Key Highlights

• Investment Surge: Nvidia invested $1 billion across 50 AI startups and corporate deals in 2024, a 15% increase compared to 2023.

• Focus Area: Most investments were directed at "core AI" companies requiring high computing power, often also Nvidia's chip customers.

• Market Influence: Demand for Nvidia's GPUs has soared since the launch of ChatGPT, making its chips essential for AI advancements.

• Financial Growth: Nvidia's market value increased by over $2 trillion last year, reaching $3.28 trillion at the close of 2024

• Strategic Moves: The company utilized its $9 billion cash reserve to support the booming AI sector.

Nvidia’s strategic investments reflect its vision to dominate the AI landscape, benefiting both its business and the broader tech ecosystem.

✅ Nvidia Acquired Run:ai for $700 Million

NVIDIA has acquired Israeli AI company Run:ai, a startup known for software that enhances AI hardware performance. This move strengthens NVIDIA’s position in the AI ecosystem and aims to make AI tools more accessible globally.

Key Highlights

• Acquisition Details: While NVIDIA has not disclosed the financial details, reports estimate the deal at $700 million.

• Open-Source Initiative: Run:ai’s software will be open-sourced, allowing use on both NVIDIA and non-NVIDIA hardware.

• Enhanced AI Hardware: The integration will optimize NVIDIA’s AI hardware and provide efficient solutions for the broader AI community.

• Run:ai's Growth: Founded in 2018, the company plans to expand its team and make AI hardware tools more widely available.

• Strategic Investments in Israel: This acquisition follows NVIDIA’s $7 billion purchase of Mellanox Technologies in 2020.

NVIDIA’s acquisition of Run:ai reflects its commitment to advancing AI technology while fostering accessibility and innovation in the global AI community.

Read More Here

✅ Is Gemini 2.0 a Threat to Photoshop?

Google recently launched Gemini 2.0, bringing some impressive upgrades, including the ability to create and edit images simply by using voice commands—no need to type out a prompt.

This makes it a strong competitor to traditional image editing platforms like Photoshop, which often require some technical know-how. Gemini, on the other hand, makes the process much easier and more intuitive.

It’s clear that this product will only get better in future versions, and it’s exciting to see where it goes next.

Read More Here.

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