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Nvidia, is preparing to significantly increase its financial commitment to Poolside, an artificial intelligence company specialising in AI models for software development, reported by Bloomberg. The new investment could reach up to USD 1 billion as part of a larger USD 2 billion funding round. This new capital injection is set to value Poolside at USD 12 billion.
The company's investment strategy shows a clear focus on the rapidly growing application of AI in software creation. Nvidia will commit at least USD 500 million in the round, with the potential to double that amount to USD 1 billion if Poolside successfully secures the rest of the target funding.
Increasing confidence in AI-driven software
This is not the first time Nvidia has backed the AI coding startup. The chipmaker previously participated in Poolside's USD 500 million Series B round in October 2024. The size of the current proposed investment signals Nvidia's increasing confidence in Poolside's technology and its potential to become a central player in the software development market.
Nvidia, best known for its high-performance GPUs, has become a prolific investor in the AI sector. The company's strategy involves expanding its influence across diverse areas where AI is critical.
Recent investments highlight this broader focus:
Autonomous Driving: Nvidia explored a separate USD 500 million investment in Wayve, a U.K.-based company focused on self-driving technology.
Chip Collaboration: Last month, Nvidia acquired a UD 5 billion stake in Intel with an eye toward future chip development partnerships.
By backing companies like Poolside, Nvidia moves beyond merely providing the hardware for AI models. It actively supports the development and commercialisation of AI applications, securing its position as a central force in the entire AI ecosystem, from infrastructure to specialised software. This strategic funding helps ensure that key AI developers continue to rely on Nvidia's powerful hardware to build and train their next-generation models.