https://www.theinformation.com/articles/nvidia-accelerates-ai-startup-investments-nears-deal-with-cloud-provider-lambda-labs
Nvidia is known for its stranglehold over the market for the data center chips that power ChatGPT and other artificial intelligence software. But in a matter of a few months, Nvidia has also become one of the biggest venture capital investors in an important class of customers who need its chips: cloud and AI software startups.
In the latest example, Nvidia is nearing a deal to take an equity stake in Lambda Labs, a startup that competes with Amazon Web Services and other established cloud providers in renting servers with Nvidia chips to other companies, according to people with knowledge of the situation. A deal, which could total $300 million in new capital and might value the company on paper at more than $1 billion including the new capital, would bring Nvidia closer to Lambda after the chip designer took a similar equity stake in CoreWeave, a Lambda rival.
