March 19, 2026
Nvidia is quietly building a multibillion-dollar behemoth to rival its chips business
Nvidia's networking division has become a significant revenue driver, generating $11 billion last quarter. This development underscores Nvidia's strategic diversification beyond its well-known GPU business, positioning itself as a formidable player in the networking space. The move could reshape the competitive landscape, challenging existing giants and potentially influencing investment flows in the tech sector.
New Funding Rounds
- Sequen — $16M Series A led by undisclosed investors (bringing TikTok-style personalization tech to consumer companies)
- Arc — $50M raise from Eclipse, a16z, Menlo Ventures (expanding into electric commercial and defense boats)
- Meadow — $9M Series A led by Lachy Groom and Haystack (online funeral planning startup)
New Product Launches
Notable Takes
Sam Altman's recent thank-you to coders sparked a wave of memes, highlighting the tech community's mixed feelings about coding from scratch in the AI era. Meanwhile, Nothing CEO Carl Pei predicts a future where AI agents replace smartphone apps, suggesting a paradigm shift in mobile technology.
Policy & Regulation
The Department of Defense has labeled Anthropic as a national security risk due to its 'red lines,' reflecting growing scrutiny on AI firms' operational reliability. Additionally, Patreon CEO Jack Conte criticizes AI companies' fair use claims, advocating for compensation to creators for training data.
Industry Moves
Microsoft has acquired the team from Cove, an AI collaboration platform backed by Sequoia, signaling its continued investment in AI-driven productivity tools. This acquisition highlights the competitive landscape in AI collaboration technologies.