Nvidia To Invest $137M In Tokyo-Based Sakana AI, Becoming Major Shareholder In The Startup
Portfolio Pulse from Benzinga Neuro
Nvidia is investing $137 million in Tokyo-based startup Sakana AI, becoming a major shareholder. This investment is part of Sakana AI's Series A funding round, which raised approximately 20 billion yen. Nvidia's involvement includes collaboration in AI research and development in Japan. Despite recent stock declines, Nvidia continues to focus on AI advancements.
September 04, 2024 | 8:41 am
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Nvidia's $137M investment in Sakana AI positions it as a major shareholder, indicating a strategic focus on AI development in Japan. This move comes amid Nvidia's stock decline, showing commitment to AI despite market challenges.
Nvidia's investment in Sakana AI aligns with its strategy to enhance AI capabilities, which could positively impact its stock by showcasing long-term growth potential. Despite recent stock declines, this move demonstrates Nvidia's commitment to AI innovation.
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