Nvidia Pays $6 Billion to License Poolside AI Model-Development Software
Nvidia will pay $6 billion to license Poolside’s artificial intelligence model-development software, Model Factory, and will make offers to hire 109 Poolside employees who were involved in making the company’s AI open-source model, Laguna, The Information reported Thursday (Aug. 21), citing a paywalled post by Newcomer. The Newcomer post is based on a Poolside letter […] The post Nvidia Pays $6…
Nvidia has agreed to pay $6 billion to license Poolside's AI model-development software, Model Factory, the report from The Information on Aug. 21 reveals. The deal also includes an offer to hire 109 Poolside employees who contributed to the creation of Poolside's AI open-source model, Laguna. Poolside's letter to investors, based on the report, stated that Nvidia will invest $1 billion at a $12 billion pre-money valuation, with the three co-founders of Poolside staying with the company.
Nvidia is known for being a significant developer of open-source models, according to the report. However, Poolside needed more access to Nvidia's hardware than possible for ongoing open-source model development, the report said. Nvidia's acquisition of Groq and Enfabrica, as well as its acquisition of Kumo AI for $400 million, were mentioned in separate moves.
Nvidia acquired Groq's inference technology and hired its team members, allowing them to continue operating independently.
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