Stocks
Nvidia to Pay $6 Billion for Access to AI Model Startup Poolside
Nvidia is reportedly set to pay $6 billion as part of a licensing and hiring deal with AI model startup Poolside. The financial terms were first reported by The Information, citing sources close to the matter.
The deal will see Nvidia acquire a significant stake in Poolside, which has developed an AI model that can process large amounts of data at high speeds. This technology is expected to be integrated into Nvidia's products and services.
The licensing aspect of the deal will allow Poolside to continue using its proprietary technology, while also granting Nvidia access to it for commercial purposes.