GoKawiilJensen Huang steps down as Nvidia CEO after 33 years, investors brace for funding gap
Nvidia co-founder Jensen Huang has resigned as CEO after leading the company for 33 years. Nvidia had been one of the most active investors in AI startups, participating in 105 funding rounds this year alone and often serving as the largest backer. Colette Kress has taken over as interim CEO, with investors describing her as more conservative than Huang when it comes to dealmaking.
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Several venture capitalists told TechCrunch that Huang's personal involvement drove many of Nvidia's startup investments, meaning his exit could sharply reduce available capital for AI-native companies, neoclouds, and inference providers that relied on Nvidia funding. Investors suggest a more cautious approach from Kress could reshape valuations and competitive dynamics across the AI startup ecosystem, though the scale of any pullback remains uncertain.
- Jensen Huang has resigned as Nvidia's CEO after 33 years at the helm.
- Nvidia participated in 105 startup funding rounds this year, often as the top investor.
- Investors expect interim CEO Colette Kress to be more conservative with startup dealmaking.
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Published there as: “Jensen Huang’s departure blasts big hole in AI startup funding, VCs and founders say”
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