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☆ It's not just chips. Nvidia is betting on other tech that could be impacted by AI.
▼ + stars: | 2024-03-11 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Nvidia's chips primed the company to leverage the latest AI boom. Advancements in AI have fields beyond tech — like healthcare and finance — racing to figure out how to implement the technology. To do so, you need chips known as graphics processing units or GPUs that will power the AI tech. An Nvidia spokesperson declined to comment but pointed to a December blog post outlining how the company supports ventures "harnessing Nvidia technologies." "The biology companies, the healthcare companies, financial services companies, AI developers, large-language model developers, autonomous vehicle companies, robotics companies … All of these startups, large companies, healthcare, financial services and auto and such are working on NVIDIA's platform, Huang in an earnings call in February.

Persons: —, Nventures, Jensen Huang, Huang Organizations: Nvidia, Service, Microsoft, Apple, Business, Wall Street, Moon, Sofinnova Partners, Cathay Health, SEC, Pharmaceuticals, NVIDIA Locations: California

Oct 30 (Reuters) - 3D metal-printing startup Seurat Technologies on Monday hinted at potentially going public in the medium-term and said it had raised $99 million in a funding round co-led by chip designer Nvidia's (NVDA.O) venture capital arm. With the latest series C funding round, the company's valuation will approach $350 million, said a source who asked not to be named. The fundraise, co-led by Nvidia's NVentures and Capricorn's Technology Impact Fund, brought in new investors Honda Motor (7267.T) and Cubit Capital. Existing backers including Porsche and venture capital units of Xerox Holdings (XRX.O) and General Motors Co (GM.N) also participated. "Seurat's local factory deployment model provides the industry with a solution to near-shore manufacturing and to increase the resiliency of supply chains," said existing investor Porsche Automobil Holding's (PSHG_p.DE) board member Lutz Meschke.

Persons: Seurat, James DeMuth, Nvidia's NVentures, Porsche Automobil, Lutz Meschke, Akash Sriram, Devika Organizations: Technologies, Reuters, Technology, Honda Motor, Cubit, Porsche, Xerox Holdings, General Motors Co, Siemens Energy's, Thomson Locations: China, Massachusetts, Bengaluru

☆ Generative AI startup Synthesia just raised $90 million in fresh funds from US fund Accel and Nvidia at a $1 billion valuation
▼ + stars: | 2023-06-13 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

London-based generative AI firm Synthesia has raised $90 million in new funding. Synthesia is now valued at $1 billion, making it the latest AI unicorn despite the difficult market. Generative AI startup Synthesia has raised $90 million in new funding at a unicorn valuation. "What we're also proud of is being a leading AI company that's based in Europe, we intend to stay in Europe and build an impactful AI company here because the talent is available." Synthesia previously raised $50 million in funding in December 2021 in a Series B round led by Kleiner Perkins, with participation from GV.

Persons: Synthesia, We've, Victor Riparbelli, OpenAI's, it's, Kleiner Perkins, Riparbelli, David Beckham Organizations: Accel, GV Locations: London, NVentures, Europe

☆ AI startup Synthesia gains unicorn status after Nvidia-backed fundraise
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +1 min

June 13 (Reuters) - Synthesia, a UK-based artificial intelligence (AI) startup, said on Tuesday it has raised about $90 million at a valuation of $1 billion from a funding round led by venture capital firms Accel and Nvidia-owned (NVDA.O) NVentures. The startup's technology helps more than 50,000 businesses including Amazon.com (AMZN.O) in creating custom AI avatars used in instructional and corporate videos. AI startups have emerged as a bright spot for investments this year amid a wider slowdown in funding caused by rising interest rates and high inflation. However, the hype around AI has also deepened concerns that video platforms could be used to create deepfakes, a realistic or fabricated video or image created by AI algorithms trained on copious online footage. Riparbelli has said that six-year-old Synthesia navigates the issue by only creating avatars of people who have consented.

Persons: Victor Riparbelli, Riparbelli, Jaspreet Singh, Devika Organizations: Accel, Nvidia, Amazon.com, NVIDIA, Thomson Locations: Bengaluru

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