Insiders: Nvidia plans to invest up to $1 billion in Poolside.

Insiders said that Nvidia plans to invest up to $1 billion in the artificial intelligence company Poolside, a move that would increase the AI startup's valuation fourfold. Insiders revealed that Poolside is in talks to raise $2 billion in funds at a valuation of $12 billion. One source, who requested anonymity due to discussing undisclosed information, said that Nvidia will invest at least $500 million in this round of financing, with the potential to increase the investment to $1 billion if the startup reaches its fundraising goal, which has not been reported before. Another source said that Poolside has already secured over $1 billion in committed funds in the latest round of financing, with about $700 million coming from existing investors. In addition, asset management company Magnetar, known for its investments in hedge funds, is also in discussions to participate in this round of financing.