Nvidia Pays $6bn for Poolside's Model Factory

Nvidia pays $6bn for Poolside's model factory

Nvidia has agreed to pay Poolside $6bn to license the software the startup used to build AI models, and to offer jobs to 109 of its staff. It is also investing $1bn in what remains, at a $12bn pre-money valuation. The terms come from a letter Poolside sent its investors, first reported by Newcomer. The […] This story continues at The Next Web

Nvidia is acquiring Poolside's "Model Factory" and 109 employees for $6 billion

Nvidia is paying $6 billion for software that builds AI models from the startup Poolside, and it wants to bring on 109 employees. The article Nvidia is acquiring Poolside's "Model Factory" and 109 employees for $6 billion appeared first on The Decoder.

Nvidia pays $6B to license AI models from Poolside, invests $1B in the startup

Nvidia's investment in Poolside highlights the escalating value and strategic importance of AI talent and technology in software development. The post Nvidia pays $6B to license AI models from Poolside, invests $1B in the startup appeared first on Crypto Briefing.

SOURCES: Poolside Strikes $6 Billion Licensing Deal with Nvidia & Raises $1 Billion for Remaining Company at $12 Billion Valuation

EXCLUSIVE TO NEWCOMER: Poolside AI, the artificial intelligence model-building startup, has struck a non-exclusive licensing deal with Nvidia for $6 billion, plus a $1 billion investment in Poolside at a $12 billion pre-money valuation, according to a letter to investors obtained by Newcomer.