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Amazon Reportedly in Talks to Buy Israeli AI Firm Decart for $7 Billion
Summarized from Israel National News by baba
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Amazon is reportedly in talks to acquire Israeli AI startup Decart for about $7 billion, according to The Wall Street Journal. Decart, founded in 2023, develops real-time video editing and AI generation technologies. The potential deal represents a significant valuation increase for the startup, which was valued at nearly $4 billion in May. Anthropic had previously considered acquiring Decart for $6 billion but backed out.
The story in 5 lines · by baba
- Amazon is reportedly negotiating to acquire Israeli AI startup Decart for approximately $7 billion.
- Decart, founded in 2023, specializes in real-time video editing and AI model generation.
- The startup's valuation has significantly increased, reaching nearly $4 billion in May.
- Anthropic had previously considered acquiring Decart for $6 billion but withdrew its offer.
- The deal's finalization is uncertain, with negotiations ongoing and potential for other buyers.
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