Nvidia is reportedly investing up to $1 billion in Poolside

Nvidia, the renowned semiconductor powerhouse, is reportedly set to make a significant investment in the AI software development platform known as Poolside. Sources indicate that Nvidia plans to invest at least $500 million, with the possibility of increasing this amount to as much as $1 billion. This investment is part of a broader funding initiative, where Poolside is seeking to raise $2 billion at a valuation of $12 billion. According to reports from Bloomberg, Nvidia's stake could expand to the $1 billion mark if the company successfully completes the remainder of the funding round. This isn’t Nvidia’s first foray into Poolside; the company played a role in the platform’s previous funding, contributing to a $500 million Series B round in October 2024. As Nvidia continues to invest heavily in AI startups, it is diversifying its portfolio across various industries. Recently, the company expressed interest in a $500 million investment in Wayve, a self-driving technology firm based in the U.K. Additionally, Nvidia made headlines last month with a $5 billion investment in Intel, indicating plans for future collaborations in chip development. TechCrunch has reached out to Poolside for further insights regarding this investment.