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Nvidia is reportedly investing up to $1 billion in Poolside; also, Luminar is cutting jobs, losing its CFO, and warning of a cash shortage

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Manage episode 516996704 series 1321951
Content provided by SpokenLayer. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by SpokenLayer or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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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6029 episodes

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Manage episode 516996704 series 1321951
Content provided by SpokenLayer. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by SpokenLayer or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

  continue reading

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