Nvidia Enters AI Model Race To Challenge DeepSeek And OpenAI With $6 Billion Deal

According to The Wall Street Journal, Nvidia will pay $6 billion to license Poolside’s technology and hire most of the startup’s engineers. The company plans to invest another $1 billion in Poolside at a pre-money valuation of $12 billion. Over 100 Poolside employees are likely to join Nvidia and work on Nemotron, the company’s family of open-weight AI models. Reportedly, the engineers will help Nvidia’s largest and most advanced Nemotron models.