Two Nvidia executives join AI investment firm Era

Golden Ten Data reported on March 12 that two senior executives from Nvidia (NVDA.O) have left the company to join a young financial firm representing the world's wealthiest families investing in artificial intelligence. Geoffrey Levene, former Global Head of Artificial Intelligence Programs at Nvidia, and Max Cohen, Director of North American Cloud Business, have both joined Era, an investment firm headquartered in New York. Era is led by 30-year-old investor Jasper Lau and primarily focuses on venture capital, while also providing a range of other financial services to clients and portfolio companies. According to sources, Era is currently raising $250 millions in funds and has already secured $140 millions in oversubscribed commitments. Era has not raised funds from more traditional venture capital sources such as pension funds, but instead has sought capital from wealthy families, some of whom are influential business figures with vested interests in global data center construction. Era also plans to work closely with Nvidia, which previously assisted the firm in identifying priority AI markets and investment strategies for its latest fund. According to Era, Jensen Huang previously helped persuade some wealthy families to adopt AI technology in their operations and support infrastructure development, including encouraging them to invest in Era.