Nvidia to pay $6B for Poolside AI license, invest $1B more

Nvidia agreed to pay $6 billion to non-exclusively license AI startup Poolside's Model Factory system for building its Laguna family of coding models, and will extend job offers to more than 100 Poolside employees, Bloomberg reported August 20 citing Newcomer. Nvidia is separately investing $1 billion in Poolside at a $12 billion valuation, with the startup continuing to operate independently under its existing co-founders.