Nvidia Pays $6bn for Poolside's Model Factory
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5 Articles
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 pays $6 billion for AI model development software from the start-up poolside and wants to take over 109 employees. The article Nvidia takes over the "Model Factory" for $6 billion and 109 employees from Poolside first appeared on The Decoder.
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Cryptocurrency News | Cryptocurrency Prices | Market CapNvidia 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.
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