Wire · opportunities
Nvidia poaches Poolside talent to power open-source Nemotron push
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Fusion42 · 24 August 2026 · Fusion42 review
Nvidia has signed a $6 billion nonexclusive technology licensing deal with US AI startup Poolside, involving the transfer of over 100 Poolside engineers to develop Nvidia's open-source AI model "Nemotron." Nvidia will also invest $1 billion based on a $12 billion valuation, focusing on technology and talent without acquiring Poolside outright.
This Wire brief sits within Fusion42's coverage of AI & ML, and 2 sources have reported it between 23 Aug 2026 and 24 Aug 2026.
◆ ◆ The Wire takeaway
You face stiffer competition as Nvidia boosts open-source AI offerings by hiring Poolside's engineers and securing their tech. This deal signals a growing tech war where lending your code or team risks losing them to industry giants.
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2 sources · first reported 23 Aug 2026 · latest 24 Aug 2026
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