Nvidia Plans Up to $1 Billion Investment in AI Startup Poolside, Valuation Expected to Reach $12 Billion

Nvidia is preparing to invest up to $1 billion in Poolside, a French AI startup specializing in automated coding solutions, marking its second major investment in the company within a year. This funding is part of Poolside's larger $2 billion fundraising round, which could value the startup at approximately $12 billion, a fourfold increase from before. Poolside plans to use the capital to expand its data center operations in the U.S. and purchase Nvidia's GB300 chips, creating a mutually beneficial relationship where Nvidia supports AI startups that become customers for its hardware. The startup has already secured over $1 billion in commitments, with returning investors contributing significantly to the round. Nvidia's strategy to back AI companies like Poolside strengthens its position in the rapidly growing AI ecosystem and secures future demand for its chip technology. Neither Nvidia nor Poolside has officially commented on the investment yet, but the move underscores Nvidia's commitment to advancing AI innovation and expanding its influence in the industry.