From OpenAI to Hugging Face, Which AI Companies Has Nvidia Invested in in 2026?

TradingKey - Since 2026, Nvidia (NVDA) has significantly accelerated its investment pace in the AI sector. On August 26, Eastern Time, during Nvidia's second-quarter earnings call, Nvidia CFO Colette Kress confirmed that the company has committed over $50 billion to AI labs, covering direct investments, compute commitments, and infrastructure partnerships.

Below is a list of Nvidia's major AI investments in 2026 compiled from public information.

AI Large Model Companies

OpenAI: On February 27, 2026, OpenAI announced $110 billion in new investment at a pre-money valuation of $730 billion, with Nvidia and SoftBank each investing $30 billion, and Amazon (AMZN) investing $50 billion; the round subsequently closed on March 31, securing a final total of $122 billion in committed capital, with the post-money valuation reaching $852 billion.

Anthropic: In February 2026, Anthropic completed its Series G funding round, raising $30 billion at a post-money valuation of $380 billion. Nvidia pledged up to $10 billion in this round, while Microsoft (MSFT) pledged up to $5 billion.

xAI: In January 2026, xAI completed a $20 billion Series E funding round, with Nvidia participating as a strategic investor.

AI Search Company

Perplexity: According to an August 2026 report by The Information, Nvidia is in talks to participate in a new round of equity financing for Perplexity, with the latter's post-money valuation expected to exceed $30 billion.

Perplexity's annualized revenue has increased from less than $250 million at the beginning of 2026 to over $750 million, and the deal remains in talks.

AI Cloud Services and Data Centers

CoreWeave (CRWV): In January 2026, Nvidia invested $2 billion in cloud computing company CoreWeave, purchasing Class A shares at $87.20 per share. The funds will be used to help CoreWeave add over 5 GW of AI computing capacity by 2030.

Nebius Group (NBIS): In March 2026, Nvidia invested $2 billion in AI cloud company Nebius Group. In July, Nvidia disclosed via an SEC filing that it held approximately a 9.3% stake in Nebius.

IREN (IREN): On May 7, 2026, Nvidia reached an agreement with data center operator IREN to obtain five-year warrants to purchase up to 30 million common shares at $70 per share, corresponding to up to $2.1 billion. IREN will deploy up to 5 GW of Nvidia DSX infrastructure globally.

Cloverleaf Infrastructure: In August 2026, Nvidia and data center infrastructure developer Cloverleaf Infrastructure announced a strategic partnership and a minority equity investment in the range of hundreds of millions of dollars.

Photonic Technology and Optical Communications

Corning (GLW): In May 2026, Nvidia committed up to $3.2 billion in investments to glass and fiber optic maker Corning, including $500 million in equity warrants and a multi-year procurement agreement. Corning is building three new plants in the U.S. to manufacture optical technology products for Nvidia.

Marvell Technology (MRVL): In March 2026, Nvidia took a $2 billion strategic stake in Marvell. The two companies are deeply co-developing the NVLink Fusion platform, sending Marvell's stock surging about 13% that day.

Lumentum (LITE): In March 2026, Nvidia invested $2 billion in optical communications company Lumentum, including billions of dollars in procurement commitments and funding for new U.S. capacity.

Coherent (COHR): In March 2026, Nvidia invested $2 billion in optical communications company Coherent.

Acquisitions and Licensing Collaborations

Hugging Face: According to a report by The Information in August 2026, Nvidia has agreed to acquire Hugging Face for $12.9 billion. Hugging Face is the world's largest open-source AI model hosting platform, with recent annualized revenue of approximately $150 million.

At the end of 2025, Hugging Face rejected a $500 million investment offer from Nvidia at a $7 billion valuation, citing concerns that Nvidia's controlling stake would compromise its neutral stance. If completed, this would be one of Nvidia's largest acquisitions to date.

Poolside: In August 2026, Nvidia signed a $6 billion technology licensing agreement with AI coding startup Poolside and hired over 100 employees from the company. Meanwhile, Nvidia agreed to invest $1 billion in Poolside at a pre-money valuation of approximately $12 billion.

Summary

Since 2026, Nvidia's investment footprint has spanned multiple areas including AI large models, AI search, AI cloud services, data center infrastructure, optical communication technology, open-source platforms, and AI programming tools. Confirmed investment commitments total more than $70 billion, with actual invested capital exceeding $50 billion.

According to Nvidia's earnings report disclosed on August 26, the company still has approximately $18 billion in equity investment commitments to be executed over the remainder of this fiscal year. As of the end of July, Nvidia's assets related to private companies reached $47.9 billion, more than doubling from $22.3 billion at the end of the previous fiscal year.

It should be noted that discrepancies may exist between the aforementioned investment commitments and actual completed amounts, and certain transactions remain subject to closing conditions.