What happened
Nvidia and TCV invested in AI video startup Higgsfield Inc. as an extension to a $400 million funding round, Bloomberg reported; Higgsfield was valued at $5.4 billion in that round.
Why it matters
The fresh capital is aimed at funding more AI infrastructure, extending the backing of a startup already valued at $5.4 billion by the August round.
WHO IT HITSFounders and investors in AI video startups may see this as a signal that large strategic backers are still willing to fund compute-heavy AI infrastructure, though the size of the check is undisclosed.
Summaries like this, every morning.
The deal extends a $400 million round that valued Higgsfield at $5.4 billion in August, according to Bloomberg. The new money is aimed at further helping fund more AI infrastructure, the report said. The investment comes as part of Nvidia CEO Jensen Huang's visit to the country, Bloomberg said. Higgsfield, based in San Francisco, was founded by a former Snap Inc executive and has a bulk of its engineering talent in Kazakhstan, the report said. The size of the extension was not immediately clear.
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