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The chip designer will also invest $1 billion in Poolside and hire more than 100 of its engineers to work on Nvidia's open-weight Nemotron models
Ying Tang/NurPhoto via Getty Images
Nvidia $NVDA struck a deal to license AI model software from startup Poolside for $6 billion, while separately investing $1 billion in the company at a pre-money valuation of $12 billion. Poolside sent a letter to its shareholders Thursday announcing the arrangement, a copy of which was reviewed by The Wall Street Journal.
Poolside's Model Factory — the internal system the startup relied on to develop its AI models — is the technology Nvidia has licensed, according to The Next Web. The license is non-exclusive, leaving Poolside free to license the same software to other parties.
