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

Nvidia is paying Poolside $6bn to license its model-building software and hire 109 staff. The letter insists it is not an acquisition.

According to sources cited by the newspaper, the deal will allow the company to use AI startup Poolside’s technologies and hire most of its engineers