Nvidia: We Don’t Pick Winners, We Just Crash Everyone’s Party
KEY POINTS
- •Jensen Huang explained on the Dwarkesh podcast that Nvidia invests broadly to avoid selecting single winners, inspired by their early struggles.
- •Nvidia’s initial graphics architecture was underestimated among 60 competitors, shaping the company’s humble investment approach in AI and startups.
- •They invested billions in key AI companies such as OpenAI and Anthropic and hold stakes in Intel, Nokia, Wayve, and several others.
Jensen Huang, Nvidia's silver fox since '93, admits the company's original graphics tech looked like a Neanderthal at an AI rave. Back then, 60 rival 3D graphics firms were elbowing for fame, and Nvidia was basically betting on the third horse in a two-horse race. Fast forward, and instead of playing VC roulette by picking 'winners,' Nvidia doubled down, tossing $30 billion into OpenAI's billionaire clubhouse and another $10 billion into Anthropic’s startup playground. Their investment spread includes CoreWeave, Intel, Synopsys, Nokia, Mistral AI, and quirky startups like Wayve (self-driving), Scale AI (data label fanatics), and Figure AI’s humanoid robot squad. Turns out, Nvidia's motto is 'support everyone,' because why responsibly bet on one horse when you can buy the whole dang racetrack?
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(1 of 3)Source: Businessinsider | Published: 4/16/2026 | Author: Shubhangi Goel