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]

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⚡ INSIGHT: SingularityNET's Janet Adams believes the artificial general intelligence shown in 80s films is now only years away.Via Cointelegraph Magazine https://t.co/7LYlhNs8Us ...

The first tech firm to achieve artificial general intelligence could reap unimaginable returns. But if things go wrong the economic and financial pain will be swift and severe https://t.co/nYjoQbg3UD ...