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Market Chatter: Nvidia to Pay $6 Billion in Licensing and Hiring Deal With AI Startup Poolside

MT Newswires Live
Aug 21

Nvidia (NVDA) has agreed to pay $6 billion to license AI model-development software from startup Poolside and hire 109 employees involved in developing its Laguna AI model, The Information reported late Thursday, citing a report by the newsletter Newcomer.

According to the report, Nvidia also plans to invest $1 billion in Poolside at a $12 billion pre-money valuation. Poolside's three co-founders will remain with the company, and the deal does not constitute an acquisition, the report said.

Poolside plans to distribute the $6 billion in licensing proceeds to investors by the end of 2027, the report added.

Nvidia didn't immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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