News · Money · 24 August 2026
Nvidia is reportedly spending $6 billion to build one of the world’s most powerful open-weight AI models.

According to the WSJ, Nvidia will license Poolside’s technology and bring more than 100 of its employees into the Nemotron project.
Nvidia is also investing another $1 billion in Poolside at a $12 billion pre-money valuation.
The goal: challenge Chinese open-weight leaders such as DeepSeek and Kimi while competing directly with US frontier labs including OpenAI and Anthropic.
open source is the way to go. So good to see having NVIDIA on our side!
First posted to our Telegram.