OCT 13, 2026STAKEANNOUNCEDFR
NVIDIA takes minority stakes in French startups Doctolib and Genesis AI
On 2026-10-13 in Paris, Doctolib said NVIDIA had agreed to buy a minority stake in it, and Genesis AI confirmed that NVIDIA is a strategic investor. Neither company disclosed the size or value of the stake. Doctolib said NVIDIA's involvement would support its development of AI tools. Les Echos also reported NVIDIA stakes in Pigment and Entalpic, but Reuters did not confirm those, and neither company responded to requests for comment. This record covers only the two confirmed stakes.
OCT 10, 2026ACQUISITIONRUMORED
NVIDIA reportedly in early talks to acquire Reflection AI or deepen its existing investment
The Financial Times reported on 2026-10-10, and Reuters relayed, that NVIDIA is in early-stage talks either to expand its investment in Reflection AI, a developer of open-weight models, or to acquire it outright. One option reported is an acqui-hire, in which NVIDIA would hire staff and license technology. Per the FT, NVIDIA has already invested $800 million in Reflection. Reflection's CEO said in April that it was raising at a $25 billion pre-money valuation. The FT said an agreement could come within weeks but the talks could still fall apart. Neither company commented. No terms or price have been reported.
SEP 18, 2026STAKEANNOUNCEDUS$300M
Nscale S-1 discloses NVIDIA as a greater-than-5% holder, with an $860M lease guarantee behind its Texas site
Nscale Ltd filed an S-1 with the SEC on 18 September 2026, intending to list on the NYSE under the symbol NSCL. The filing puts on the public record the shape of NVIDIA's position in the neocloud. NVIDIA became a holder of more than 5% of Nscale's outstanding share capital through its participation in the Series B financing. Separately, in connection with an October 2025 net lease for a facility in Ward County, Texas, NVIDIA agreed to guarantee up to $860,340,000 of Nscale's obligations under that lease; in consideration it received warrants for up to 9,476,700 Series B preferred shares with an aggregate value of $60,000,000 at an exercise price of $0.01 per warrant share. Contingent default warrants tied to the same guarantee remain outstanding after the offering and would issue non-voting shares on exercise. Under a follow-on subscription agreement of 9 March 2026, NVIDIA's $300,000,000 SAFE converted to equity at Series C completion. The structure is worth reading as infrastructure rather than as a portfolio holding: NVIDIA is underwriting the lease obligations of a customer that builds the data centres its GPUs are installed in, which is a different exposure from selling parts into an arms-length buyer. Nscale's filing describes hyperscale sites in Norway, Portugal, Texas and West Virginia, and a deployment of over 66,000 NVIDIA Vera Rubin NVL72 GPUs with Microsoft from late 2027.
SEP 11, 2026INVESTMENTRUMORED$10.0B
NVIDIA reportedly in talks to anchor Anthropic's IPO with up to $10B
Reuters reported on 2026-09-11 that NVIDIA is in talks to invest up to $10 billion as an anchor investor in Anthropic's planned IPO, which seeks to raise up to $100 billion at a valuation near $2 trillion and is targeted to price before the November 2026 US midterm elections. Terms were still being negotiated and could change. Anthropic declined to comment; NVIDIA did not immediately respond.
SEP 03, 2026INVESTMENTRUMORED$2.5B
NVIDIA reportedly in talks to invest about $2.5B in Thinking Machines Lab
The Information reported on 2026-09-03 that NVIDIA is in talks to invest about $2.5 billion in Thinking Machines Lab, the AI startup founded by Mira Murati, in a round valuing it at roughly $40 billion. The talks are not guaranteed to produce a deal. It would build on the partnership NVIDIA announced with the startup in March 2026, which included an investment and a plan to supply at least 1 GW of next-generation AI systems.
SEP 03, 2026ACQUISITIONANNOUNCED$12.9B
NVIDIA agrees to acquire Hugging Face for $12.93B
NVIDIA announced on 2026-09-03 an agreement to acquire Hugging Face, the open model and dataset hub, for $12,930,300,000. The deal had not closed as of this record, and NVIDIA's announcement did not state a closing date. NVIDIA states Hugging Face will keep supporting open-source and open-weight models from across the ecosystem with multi-cloud and multi-accelerator deployment, and that NVIDIA compute will not be required to build on or deploy through the platform. A software and distribution acquisition; no silicon or supply change.