Nvidia bets $1B on AI startup poolside driving its value
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Nvidia Corp. commits to allocating as much as $1 billion to Poolside, a San Francisco-based artificial intelligence company, according to sources close to the matter. Based on their prediction, this investment plan would increase the value of the AI startup by four times its current value. The announcement leaks on the heels of Poolside’s plans to raise approximately $2 billion while being valued at $12 billion. It is essential to note that the quoted number does not incorporate prior financing. Although the sum of Nvidia’s commitment to this current round has not been revealed, a source who asked to remain anonymous stated that the tech giant would start at $500 million and increase to as high as $1 billion if Poolside meets its fundraising goals. This news follows the rise of Nvidia stock to a record closing price after the company announced new products, collaborations, and investments at its GTC event, pushing its market valuation to $5 trillion. Nvidia also revealed earlier this week that it’s teaming up with the US Department of Energy to construct seven supercomputers, including one designed with 10,000 of its Blackwell GPUs. The semiconductor firm, aiming to work on national security applications, also announced new alliances with Palantir and Oracle, as well as with telecom companies such as Cisco and T-Mobile, to support the next wave of 6G infrastructure. Big tech companies seek to offer support to a growing network of AI startups Regarding its funding round, sources have revealed that Poolside has already received more than $1 billion in commitments, with around $700 million secured from its current investors. Meanwhile, Magnetar, a money management company specializing in hedge fund investments, is also in talks to participate in this round, according to The Information. Following this announcement, Poolside’s valuation substantially increased from the $3 billion…
Filed under: News - @ October 31, 2025 2:20 am