Nvidia Corp (NASDAQ:NVDA) is making an aggressive push into AI models, striking a multibillion-dollar deal with Poolside to develop a powerful open-weight system aimed at rivals including OpenAI, Anthropic, DeepSeek and Kimi.
Nvidia Bets $6 Billion on Poolside AI Technology
Nvidia will pay $6 billion to license Poolside’s AI technology and invest another $1 billion in the startup at a $12 billion pre-money valuation, according to The Wall Street Journal.
More than 100 Poolside employees, including engineers, are also expected to join Nvidia and work on its Nemotron open-weight AI project.
Poolside said its Nvidia deal aims to advance AGI as an open technology rather than one "controlled by few," according to a shareholder letter reviewed by the publication.
