Reported about 18 hours ago
Nvidia Corp. is set to invest up to $1 billion in the AI startup Poolside, aiming to significantly increase its valuation from $3 billion to $12 billion. The deal, which may initially involve $500 million with potential for $1 billion based on fundraising success, emphasizes Nvidia's commitment to fostering the AI ecosystem. Poolside, established in 2023, focuses on coding automation and aspires to develop artificial general intelligence, with plans for a new data center in Texas that supports its ambitious infrastructure goals.
Source: YAHOO