Nvidia licenses Poolside AI for $6B, invests $1B
Get the Tech newsletter
Daily tech — startups, AI labs, chips, the launches that shape the next decade. Free.
- Poolside AI struck a non-exclusive $6B licensing deal with Nvidia alongside a separate $1B Nvidia investment priced at a $12B pre-money valuation.
- 109 Poolside staffers received Nvidia job offers as part of the arrangement, suggesting Nvidia is absorbing much of the startup's talent pool without acquiring the company outright.
Why it matters: Nvidia gains both IP rights to Poolside's AI model-building technology and 109 of its engineers while Poolside remains independent — effectively a soft acquisition at a fraction of the $12B implied valuation, strengthening Nvidia's in-house model capabilities.
Ask SkimNews
