Alphabet Inc.'s (GOOGL) CapitalG and NVIDIA Corporation in Talks to Invest in Vast Data

Alphabet Inc. (NASDAQ:GOOGL) is one of the Good Stocks to Invest in Now. On August 1, Reuters reported that Alphabet Inc.’s (NASDAQ:GOOGL) growth-stage venture CapitalG and NVIDIA Corporation (NASDAQ:NVDA) are in talks to invest in Vast Data.

Vast Data is an artificial intelligence infrastructure provider, and reports suggest that a new funding round could value the startup as high as $30 billion. Vast Data is raising several billion dollars from tech giants, private equity, and venture capital investors, aiming to grow as one of the top AI startups. The startup reported $200 million in yearly recurring revenue by early 2025, with projections to reach $600 million next year. It has raised about $380 million so far, and its last valuation in 2023 was $9.1 billion.

Alphabet Inc. (NASDAQ:GOOGL) is a technology holding company that operates through three main segments, including Google Services, Google Cloud, and Other Bets.

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Disclosure: None. This article is originally published at Insider Monkey.