[gilbetron]

I think it is likely that they realize that LLM models will be able to be developed by many companies, and I see most early, heavy adopters of LLMs doing the math on giving OpenAI/Anthropic token fees versus just having in-house models, and realizing that, at this point, it sure seems like having your own models might be the future path.

Nvidia is in position, and has the resources, to see this with a much broader lens, and realizes OpenAI/Anthropic won't be able to corner the market and the long term play is to sell GPUs to cloud providers and companies themselves.

[dmix]

The article already explains why, both of the companies have taken a huge amount of capital so further investing doesn't make sense and they will both go public soon where they will raise more.

Both companies will need Nvidia products regardless if Nvidia puts capital into the companies. So this is not 'pulling back' as the headline says.