According to Bloomberg, NVIDIA is planning to invest up to $1 billion in the AI programming startup Poolside. This move is expected to increase Poolside's valuation to four times its previous level, significantly enhancing its market position.

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Poolside was founded in 2023 by former GitHub executives Jason Warner and Eiso Kant, focusing on developing AI-driven coding assistants and general artificial intelligence (AGI) technology. The company is currently negotiating with investors and plans to raise $2 billion in its latest funding round, with a pre-money valuation of approximately $12 billion.

In this funding round, NVIDIA's initial investment is expected to be $500 million, and the total investment could increase to $1 billion if Poolside meets its fundraising target. According to the report, Poolside has already received over $1 billion in subscription commitments, with about $700 million coming from existing investors.

Additionally, Poolside has partnered with CoreWeave to build a 2-gigawatt data center in Texas, USA, and plans to purchase NVIDIA's GB300 chips for AI model training. In the past year, NVIDIA has invested in 59 AI startups, and this investment further solidifies its leading position in the AI ecosystem.

This investment marks NVIDIA's continued expansion in the field of artificial intelligence, demonstrating its emphasis and confidence in future technologies.

Key points:

- 💰 NVIDIA plans to invest up to $1 billion in AI startup Poolside, with an estimated valuation increase of four times.

- 🤖 Poolside focuses on AI coding assistants and general artificial intelligence, and has already received over $1 billion in subscription commitments.

- 🏗️ Poolside has partnered with CoreWeave to build a data center and will purchase NVIDIA chips for AI model training.