I wanted to complain how Reuters says close to nothing about Poolside in that news article, but Poolside's own web page is as enigmatic as it gets.
https://techfundingnews.com/nvidia-prepares-up-to-1b-investm...
>Poolside operates across the US and Paris, focusing on coding automation tailored for government and defence clients.
>The company is also working on bold infrastructure expansion. Earlier this month, Poolside partnered with CoreWeave to build one of the largest data centres in the US under an initiative called Project Horizon. Set in West Texas, the facility is slated to reach 2 gigawatts of capacity, which is enough to power about 1.5 million homes.
Searching for Project Horizon led to this:
https://poolside.ai/blog/announcing-project-horizon
So another data center company, but focused on the Defense/Intelligence community. A hardware equivalent to Palantir?
If there's one person I don't want to lose their job to a shonky AI agent, it's Stanislav Petrov.
Nvidia has a backstop deal with Coreweave [1]. I am sure this is all above board but seeing how these giants all have incestuous relationship with each other makes me uneasy about putting money in the markets.
[1]:https://www.reuters.com/business/coreweave-nvidia-sign-63-bi...
If you invest in index funds (instead of picking single stocks), you shouldn’t be too worries IMO.
E.g. something tracking MSCI World/All-World or just the S&P500 (US-only though).
You won’t get 100x homeruns (more like 10-15% avg returns/year), but you will drastically lower your risk of losing your money.