NVIDIA has signed a technology licensing agreement worth $6 billion with AI startup Poolside and plans to hire over 100 engineers to develop an open-weight AI model. NVIDIA will license Poolside's technology and separately invest $1 billion to acquire equity. This deal combines licensing with personnel recruitment rather than following traditional mergers and acquisitions, allowing Poolside to remain an independent entity. NVIDIA plans to involve some of its core development team in the development of Nemotron, securing both technology and talent. Poolside is a company specialized in developing AI models for software development and coding automation, and it has released an open-weight based model. NVIDIA aims to make Nemotron a core part of its open model lineup, supporting companies by publicly sharing the model's weights and training data for customization. This agreement has raised analyses suggesting that NVIDIA is expanding its business scope beyond AI semiconductor supply to model development and developer tools. However, regulatory controversies regarding the deal structure remain, and questions about whether this agreement is designed to evade corporate merger scrutiny may be reignited.
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Bitcoin hit $80,000 as WEEX predicted last week. See what drove the breakout, current key levels, and whether $90,000 is next.




Global markets delivered mixed signals. Bitcoin and Ethereum strengthened as institutional flows into spot ETFs supported a recovery in crypto risk appetite, while the Robinhood ecosystem and NFT sector also remained active. In technology, NVIDIA continued to weaken ahead of its earnings release, with investors focused on AI returns, customer capital expenditure, and order execution. PDD Holdings saw significant volatility after reporting results, while Applied Optoelectronics came under pressure following its large equity financing announcement. Investors are also awaiting new rate-path signals from the Jackson Hole Economic Symposium.


