AIQuiet 81d · day 82
NVIDIA Commits $7B to AI Startup Poolside, Effectively Buying Back Its Own GPUs
The chipmaker's investment lands as Sam Altman concedes he misjudged the pace of AI progress.
What to know
- NVIDIA earmarked $7 billion for AI startup Poolside, in a deal characterized as the chipmaker becoming a 'buyer of last resort' for its own GPUs.
- The investment raises questions about circular financing arrangements in the AI hardware and startup ecosystem.
- Sam Altman separately admitted he was wrong about the pace of AI's development timeline, adding to scrutiny of industry expectations.
Sam Altman OpenAI CEONVIDIA ChipmakerPoolside AI startup
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