Nvidia invests $1 billion in Poolside and licenses Model Factory for $6 billion

Nvidia announced a $1 billion equity investment in Poolside, valuing the company at $12 billion pre-money, alongside a separate $6 billion non-exclusive licensing deal for Poolside's Model Factory. Over 100 Poolside engineers will join Nvidia to work on its Nemotron project, though Poolside remains independent.