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Wire · opportunities

Nvidia poaches Poolside talent to power open-source Nemotron push

24 August 2026 · By · Wire by Fusion42

Published

24 August 2026

Topic

opportunities

◆ Sectors

AI & ML

◆ Geography

United States

◆ Source

Read at biz.chosun.com →

◆ Verified

Fusion42 · 24 August 2026 · Fusion42 review

Nvidia has signed a $6 billion nonexclusive technology licensing deal with Poolside, acquiring its technology and over 100 engineers to develop Nvidia's open-source AI model Nemotron, while also investing $1 billion based on a $12 billion valuation.

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 now face a new competitor with deep open-source AI talent backed by Nvidia's resources. Secure partnerships or deepen your open-source AI expertise to keep pace with this shift.

◆ Coverage

2 sources · first reported 23 Aug 2026 · latest 24 Aug 2026

◆ Related on Wire

◆ Topics

AI & MLnvidiapoolsideopen-source-ainemotrontalent-acquisitionai-models