Nvidia has reached a settlement in a trademark lawsuit filed by financial technology company Modulus Financial Engineering over Nvidia’s use of the name “Modulus” for its artificial intelligence software. The development was disclosed in a filing in an Austin, Texas federal court.
The two companies told the court on Friday that they had resolved their dispute and requested that the case be paused while they finalise their agreement. The financial and other terms of the settlement were not disclosed in the court filing. Spokespeople for the companies did not immediately respond to requests for comment or additional details about the settlement on Monday.
The dispute dates back to 2024, when Modulus Financial Engineering filed a lawsuit against Nvidia over the latter’s use of the “Modulus” name for its open-source software designed to develop AI and machine-learning models. Modulus Financial alleged that Nvidia’s use of the name could confuse consumers.
Scottsdale, Arizona-based Modulus Financial has provided financial software to companies including JPMorgan Chase, Bank of America and Goldman Sachs since 1997, according to information on its website. In its lawsuit, the company said it had “become widely recognized for its leadership and innovation – including within the field of A.I.”
Nvidia denied the allegations made by Modulus Financial. In a court filing earlier this year, the chipmaker said it had changed the name of its software to “Nvidia PhysicsNeMo” in 2025. The software had originally been known as Modulus and was positioned as an open-source framework for developing AI and machine-learning models.
The settlement comes shortly before the case was scheduled to proceed to trial. The trial had been scheduled for next month, but the companies’ request to pause the case indicates that they are now working to finalise the terms of their agreement.
The case is formally identified as Modulus Financial Engineering Inc v. Nvidia Corp, filed in the US District Court for the Western District of Texas under case number 1:24-cv-00362. Modulus Financial Engineering is represented by Robert Thornburg of Allen Dyer Doppelt + Gilchrist, while Nvidia is represented by John Desmarais of Desmarais LLP.
The dispute highlights the trademark considerations that can arise as companies develop and commercialise software in the rapidly expanding AI sector. In this case, the disagreement centred specifically on Nvidia’s use of “Modulus” for its AI software and Modulus Financial Engineering’s claim that the shared name could create consumer confusion. Nvidia subsequently renamed the software Nvidia PhysicsNeMo in 2025.
With the settlement now reached, the two sides are expected to finalise their agreement before the case is formally resolved. The court filing does not disclose the terms of the settlement or indicate whether either company will make any further changes related to the dispute.
