'Ridiculous': Nvidia CEO fumes over crticism of firm's investments and acquisitions
Nvidia CEO Jensen Huang dismisses claims of 'circular financing' regarding a $2 billion investment in cloud provider CoreWeave. He asserts these are strategic investments in 'generational companies' vital for AI expansion, not financial engineering. Huang emphasizes Nvidia's contributions are a small fraction of the massive capital these AI firms require for growth.
Nvidia CEO Jensen Huang dismisses claims of 'circular financing' regarding a $2 billion investment in cloud provider CoreWeave. He asserts these are strategic investments in 'generational companies' vital for AI expansion, not financial engineering. Huang emphasizes Nvidia's contributions are a small fraction of the massive capital these AI firms require for growth.
