Poolside AI Strikes $6 Billion Nvidia Licensing Deal
Letter to investors shows licensing deal plus investment with Nvidia.
A letter to investors obtained by Newcomer states that Poolside AI struck a non-exclusive licensing deal with Nvidia for $6 billion. The same letter reports a separate $1 billion investment in Poolside at a $12 billion pre-money valuation. Nvidia is extending job offers to 109 Poolside employees. Founders remain with Poolside, which the letter frames as raising funds for the continuing company rather than an acquisition. Multiple posts on X reference the same investor letter and note the structure leaves Poolside operating independently.
Poolside AI, the artificial intelligence model-building startup, has struck a non-exclusive licensing deal with Nvidia for $6 billion, plus a $1 billion investment in Poolside at a $12 billion pre-money valuation, according to a letter to investors obtained by Newcomer. As part…
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Alex Konrad@alexrkonradAn unusual AI deal scooped by @NewcomerMedia just now 👇 ▪️Poolside is raising $1B from Nvidia and signed a $6B licensing deal ▪️109 employees getting job offers at Nvidia ▪️VCs to get $$ distribution ▪️Founders staying behind and insisting it's not an acquisition or acquihire
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FB AC AK Andreas Kirsch 🇺🇦@BlackHC@xeophon That's one way to finance voluntary separation packages..
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AA Austen Allred@AustenI know this dates me, but back in my day to acquire companies you would acquire the company
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SW swyx@swyxproud that @vibhuuuus and i did the most recent pod with @eisokant on why NVIDIA just paid him $6B to buy the incredible model factory that is pumping out Thinky-beating models (actually not exaggeration, look at the numbers) tune in / subscribe / whatever only on…
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