Jensen Huang's Nvidia Drops Up To $1B On Poolside — This Ex-GitHub Exec's AI Powerhouse Just Quadrupled Its Worth Overnight

Core Insights - Nvidia is set to invest up to $1 billion in Poolside, an AI startup that has increased its valuation from $3 billion to $12 billion in just one year [1] - Poolside is raising a total of $2 billion, with over $1 billion already committed, including approximately $700 million from existing investors [1] - The investment from Nvidia is part of its strategy to build an AI ecosystem and strengthen partnerships with emerging AI companies [5] Company Overview - Poolside was co-founded in 2023 by former GitHub executive Jason Warner and Eiso Kant, with offices in the U.S. and Paris [2] - The company launched its first product, an enterprise software-engineering platform, in 2024, which is currently being tested in government and defense sectors [3] - Poolside aims to develop artificial general intelligence capable of performing complex tasks across various domains [3] Product and Technology - Poolside's platform integrates AI capabilities across multiple environments, including development tools and enterprise applications, while ensuring sensitive data remains under client management [4] - The foundation models operate within customer-controlled security boundaries, either on-premises or in Virtual Private Clouds [4] Investment Context - Nvidia's investment could start at $500 million and increase to $1 billion based on fundraising success, highlighting its ongoing support for Poolside [5] - Nvidia has invested in 59 AI startups as of mid-October, indicating a significant increase in its investment activity compared to the previous year [6] - The company also holds stakes in other AI ventures, including Perplexity AI and Figure AI, further diversifying its AI portfolio [6]