NVIDIA Corporation (NVDA.US) reached a licensing agreement with AI startup Poolside to build open-weight AI models, vying against Chinese models such as DeepSeek and Kimi K3, while also being expected to pose a direct challenge to major US AI companies including OpenAI and Anthropic, the Wall Street Journal, citing sources, reported.

Poolside was founded in 2023 by software developer Eiso Kant and former GitHub Chief Technology Officer Jason Warner. The company previously sent a letter to shareholders announcing a major business restructuring.

NVIDIA will invest USD1 billion in Poolside at a pre-money valuation of USD12 billion, according to the report, citing the letter. It will also pay USD6 billion to obtain licensing rights for Poolside's technology and recruit most of its engineers.
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AASTOCKS Financial News
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