Nvidia is reportedly investing up to $1 billion in Poolside; also, Luminar is cutting jobs, losing its CFO, and warning of a cash shortage
TechCrunch Industry News · TechCrunch
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Show Notes
Semiconductor giant Nvidia is looking to invest at least five hundred million dollars and up to one billion dollars in Poolside which builds AI models for software development. That’s according to reporting from Bloomberg, which cited sources. This investment would be part of a two billion dollar funding round Poolside is raising at a twelve billion dollar valuation.
Lidar-maker Luminar is warning shareholders that it will run out of cash in early twenty twenty six and has announced a 25 percent cut to its workforce to help staunch the bleeding, its second layoff of the year, according to a Friday regulatory filing.
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