$12B AI model maker backed by Nvidia, Bain Capital, and DST that pivoted entirely to open source.
“The sort of Poolside, 'Why We're Selling' memo that we just couldn't get enough compute, we just couldn't afford it, we could not keep up with the arms race.”
Source→“ran out of capital but achieved 'an excellent outcome because there was a company with an even bigger market cap who wanted the assets' (NVIDIA)”
Source→AI-extracted from podcast / newsletter / paper summaries. May contain errors.