Chip giant Nvidia and venture capital firm TCV have invested in AI video company Higgsfield through an expansion of a $400 million financing round from August. Bloomberg News reports.
Higgsfield was valued at $5.4 billion in the round. The capital will be used, among other things, for AI infrastructure, but the size of the new investment is unknown.
The company is headquartered in San Francisco, with a large part of its development operations in Kazakhstan. The investment coincides with Nvidia CEO Jensen Huang’s visit to the country.
