Wall St Engine(@wallstengine):$NVDA SIGNS $6B POOLSIDE DEAL FOR U.S. OPEN-WEIGHT AI Nvidia will pay $6B to license Poolside’s AI technology and invest another $1B in the startup at a $12B pre-money valuation. More than 100 Poolside employees are expected to join NVIDIA and work on Nemotron, its open-weight AI model family. The goal is to build a U.S.-based open AI ecosystem capable of competing with Chinese models such as DeepSeek and Kimi, while also offering a lower-cost, customizable alternative to closed models from OpenAI and Anthropic. NVIDIA is betting Nemotron can rival leading frontier models within the next year. Source: WSJ

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Wall St Engine@wallstengine

2026.08.23 00:35

$NVDA SIGNS $6B POOLSIDE DEAL FOR U.S. OPEN-WEIGHT AI Nvidia will pay $6B to license Poolside’s AI technology and invest another $1B in the startup at a $12B pre-money valuation. More than 100 Poolside employees are expected to join NVIDIA and work on Nemotron, its open-weight AI model family. The goal is to build a U.S.-based open AI ecosystem capable of competing with Chinese models such as DeepSeek and Kimi, while also offering a lower-cost, customizable alternative to closed models from OpenAI and Anthropic. NVIDIA is betting Nemotron can rival leading frontier models within the next year. Source: WSJ