The chief executive of the $4.6 trillion tech titan Nvidia (NVDA) says he has but one regret about his investment in Elon Musk’s xAI.
Earlier this week, reports emerged that xAI was working with Wall Street financiers and technology partners to expand its latest funding round to the tune of roughly $20 billion, with Nvidia committing up to $2 billion in equity to the deal.
In a new CNBC interview, Nvidia CEO Jensen Huang says he wishes he had sunk more money into Elon Musk’s AI venture.
“The only regret I have about xAI, we’re an investor already. The only regret I have is I didn’t give him more money. Almost everything that Elon’s part of, you really want to be part of as well. And he gave us the opportunity to invest in xAI. I’m just delighted by that. And so that’s an investment into a really great future company. And I’m really excited about that. That’s not vendor financing, per se.”
He holds the same sentiment toward Nvidia’s investment in the AI cloud-computing firm CoreWeave (CRWV).
“We’re always looking for great startups to invest in. One of my favorite ones was CoreWeave. My only regret is I didn’t invest enough.”
Huang says the same pattern of under-investing has played out in Nvidia’s other bets tied to the AI infrastructure surge.
“In all of these investments that we’ve made recently, we’ve made some really terrific investments. And largely, my only regret is that we didn’t invest more. Because these are really special companies and they’re building, they’re part of our ecosystem, building out the AI infrastructure for the world.
AI is energy, AI is chips, the models, and the applications. And so you could see Nvidia, and you could look at me working across that entire stack of ecosystems around the world. And we need more energy, we need more chips, we need better models and more models, and we need a lot more applications.”
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