Nvidia Buys AI Software Firm Poolside for $6 Billion
In brief
- Nvidia has agreed to pay $6 billion to license Poolside’s Model Factory software and is offering jobs to 109 Poolside employees.
- The deal also includes a $1 billion investment in Poolside, valuing it at $12 billion pre-money.
- This isn’t an acquisition or just about hiring talent.
- Poolside makes Laguna, an open-source AI model.
- Nvidia has been buying up AI-related tech and talent lately, including deals with Groq, Enfabrica, Kumo AI, and SchedMD.
- The move highlights the growing competition in AI development and the importance of open-source models in this field.
- With this deal, Nvidia aims to strengthen its position in AI model development and expand its hardware access for future projects.
Terms in this brief
- Model Factory
- A software tool developed by Poolside that allows users to create and train AI models efficiently. It likely provides a platform for developing custom AI solutions, making it easier for organizations to build their own models without extensive technical expertise.
- Laguna
- An open-source AI model created by Poolside. Open-source models are significant because they allow developers and researchers to access, modify, and improve the model's code, fostering collaboration and innovation in the AI community.
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