Nvidia reportedly investing $1Bn in Poolside Skip to main content

Featured

Denmark's data centres have quite a small number of people working!

Politicians often express great enthusiasm when tech giants announce plans to build data centres in Denmark. “It’s an apple that has fallen into our lap, and to stick with the Apple theme, we’re on cloud nine,” Torsten Nielsen (K), who was mayor of Viborg Municipality at the time, said when Apple first announced its data centre back in 2015 . He expected 10,000 new jobs to be created in the municipality. This prospect of hundreds—if not thousands—of new jobs is often cited as a huge benefit to society. Among other places, in West Jutland, where Microsoft is planning to build three large data centres. “I am very pleased when large companies as Microsoft choose to make significant investments in Denmark and help create new jobs. I am confident that this new data center region in the municipalities of Esbjerg and Varde can help develop West Denmark and contribute to growth, new jobs and even greater progress,” Stephanie Lose (V), then minister for economic affairs, said in Microsoft’s pre...
Post a Comment
Read more

Nvidia reportedly investing $1Bn in Poolside

Chipmaking giant Nvidia is reportedly preparing a major investment of $500 million to $1 billion in Poolside, an AI startup focused on building models that assist in software development, according to Bloomberg. The deal is expected to be part of Poolside’s $2 billion funding round, which would value the company at roughly $12 billion.

If the round closes successfully, Nvidia’s total commitment could climb to the upper end of that range, the report said.

This wouldn’t be Nvidia’s first bet on Poolside — the company also took part in the startup’s $500 million Series B round back in October 2024.

The move underscores Nvidia’s strategy of deepening its presence in the AI ecosystem. Beyond chipmaking, the company has been channeling capital into a variety of AI ventures — from a potential $500 million investment in British self-driving tech firm Wayve to a $5 billion equity stake in Intel aimed at future chip development partnerships.

Comments

Post a Comment

Popular Posts