20VC x SaaStr: Nvidia Pays $6B for Poolside’s Model Factory, OpenAI Has to Go Public in 2027, and Why $9B No Longer Clears the Bar for Seed
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SaaStr reports that Nvidia is paying six billion dollars for a non-exclusive license to Poolside's Model Factory, and separately investing one billion dollars at a twelve billion dollar pre-money valuation. The deal comes after Poolside failed to close a two billion dollar round to fund a massive cluster. In other news, OpenAI's CFO told employees the company will go public by twenty twenty-seven. The discussions highlight the enormous capital demands of frontier AI and the shifting power of hyperscalers.
Source: https://www.saastr.com/20vc-x-saastr-nvidia-pays-6b-for-p...
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