Nvidia’s Bold Move: Investing Up to $1 Billion in Poolside
Nvidia is set to invest between $500 million and $1 billion in the AI startup Poolside, which specializes in creating AI models for software development. According to a report from Bloomberg, this funding is part of a broader $2 billion funding round that Poolside is currently pursuing, which values the company at approximately $12 billion.
If Nvidia successfully finalizes the rest of this funding round, its total investment could reach the $1 billion mark. This isn’t the first time Nvidia has invested in Poolside; the company previously contributed to Poolside’s $500 million Series B funding round in October 2024.
Nvidia, recognized for its significant investments in various AI companies, is also diversifying its portfolio. Recently, it indicated interest in a $500 million investment in Wayve, a British self-driving technology firm. Additionally, last month, Nvidia acquired a $5 billion stake in Intel, signifying plans for collaboration on AI chip development.
For further information, you can find the original report on Bloomberg.
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