Nvidia invests up to $1 billion in startup Poolside

Nvidia plans to invest up to $1 billion in Poolside, a startup specializing in AI tools for automating programming. As part of the funding round, the total amount of raised investments could reach approximately $2 billion, with Poolside’s valuation estimated at around $12 billion.

Poolside has already secured investment commitments totaling over $1 billion from a number of investors, including Nvidia, which previously invested in the company. The company plans to use the new funds to scale its technologies and enter new markets.

Source: TechCrunch