Nvidia Invests Big in Poolside with $6bn Licensing Deal!

Nvidia has struck a groundbreaking $6 billion licensing agreement with Poolside, alongside a $1 billion investment. The deal ensures 109 Poolside employees receive job offers while its founders remain in place. This non-exclusive license revolves around Poolside’s AI model-building software, Model Factory. The previous models report Nvidia’s innovative hiring strategy without outright acquisitions. Poolside intends to distribute the licensing fee to its investors by next year.