| Mobile Web

Search results for Poolside

AI & Enterprise

Nvidia to invest an additional $18 billion this year in AI models and infrastructure

Nvidia plans to deploy $18 billion in equity investments over the remainder of its fiscal year, stepping up commitments focused on AI model developers, infrastructure financing firms and other private companies. It disclosed the commitments in its earnings report. As of late July, its holdings tied to private companies rose to $47.9 billion from $22.3 billion at the prior fiscal year-end. The company has also invested in power and land for data centers and joined efforts to raise more than $500 billion for AI infrastructure.

AI & Enterprise

Value-for-money AI models reshape spending, frontier model sales wobble

Lower-cost AI models are increasingly influencing corporate spending on high-end offerings from Anthropic and OpenAI, a Financial Times report said, citing Ramp’s analysis of spending data from 70,000 companies. Anthropic’s top-tier Fable 5 accounted for about 11 percent of spending on Anthropic tools more than two months after launch. Analysts cited price and sufficient performance of older models. The shift may affect frontier AI developers investing billions of dollars in larger models.

AI & Enterprise

Nvidia speeds up development of world-class open-weight model to compete with China

Nvidia is accelerating efforts to lead technological advances in open-weight models. It recently signed a $6 billion licensing deal with coding AI startup Poolside that includes hiring most of its engineers, and will also invest $1 billion at a $12 billion pre-money valuation. The Wall Street Journal reported Nvidia will use Poolside to speed development of a world-class open-weight model to compete with Chinese AI companies.