Jensen Huang’s departure blasts big hole in AI startup funding, VCs and founders say
Nvidia poured tens of billions into AI startups under Huang. Without him at the helm, founders and VCs are bracing for smaller checks and lower valuations.
Jensen Huang, who led Nvidia as CEO for 33 years, has stepped down, and venture capitalists and startup founders say this will significantly impact AI startup funding. Nvidia has been one of the largest investors in AI startups, participating in over 100 funding rounds this year alone and often writing the biggest checks into infrastructure companies. With Huang's departure and an interim CEO expected to be more conservative with investments, the startup ecosystem faces reduced capital availability, which could affect valuations and dealmaking. While some hope other large tech companies and chipmakers will fill the funding gap Nvidia leaves behind, investors are skeptical they will invest at the same scale Huang did, especially in early-stage infrastructure startups.
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