A PingWest article republished by TechNews says Nvidia has assembled close to $40 billion of deals in under a year — counting a $6 billion non-exclusive technology license plus $1 billion investment in Poolside, a Groq license reported at about $20 billion (undisclosed by the parties), a roughly $12.93 billion pending acquisition of Hugging Face, and early talks with Reflection AI — combining licensing, hiring, equity and acquisitions. It adds that with researchers such as Essential AI founder Ashish Vaswani, who joined in June to work on Nemotron, and its own Nemotron line (Nemotron 3 Ultra, released in June, has 550B total and 55B active parameters and was pretrained on 20 trillion tokens), Nvidia is shifting from AI infrastructure supplier toward a frontier lab that builds its own models and agents, repeating the CUDA-era pattern of betting on the next stage while profits are strong. The article cites last quarter's $96.2 billion revenue, up 106% year over year, and about $59.69 billion in net profit as the financial backdrop.