Overview
- Bloomberg reports Nvidia is preparing at least $500 million, with the total possibly reaching $1 billion, for AI startup Poolside.
- The prospective investment is tied to a $2 billion raise that would value Poolside at about $12 billion.
- The higher $1 billion figure would depend on Poolside closing the remainder of the financing, according to the reporting.
- Poolside develops AI models designed to assist with software creation and maintenance.
- Neither company has confirmed the terms, and TechCrunch says it requested comment; Nvidia previously joined Poolside’s $500 million Series B in October 2024 and has pursued other large deals including Wayve and a $5 billion stake in Intel.