Find XO: Nvidia's $40 Billion Equity Bet, Vertical Integration in the AI Ecosystem, and Signals Founders Should Read (techcrunch.com)

- Nvidia has made equity investments exceeding $40 billion this year, with $30 billion going to OpenAI alone. - The rest was spread across cloud providers like CoreWeave and Nebius, and 24 startups. - This shows a GPU-selling company directly acquiring the demand for its own chips. - While it's easy to ride this ecosystem, whether there are industry-specific strengths remaining after removing the Nvidia brand must be proven separately.