Amazon in Talks to Acquire Israeli AI Startup Decart for $7 Billion
Summarized from Ynetnews by baba
Amazon is in talks to acquire Israeli AI startup Decart for about $7 billion, according to The Wall Street Journal. The deal could be finalized soon, following collapsed negotiations with Nvidia and Anthropic. Decart develops software for AI chip interoperability and was founded in 2023 by three Israeli engineers, having raised over $400 million and been valued at nearly $4 billion in May.
The story in 6 lines · by baba
- Amazon is negotiating to acquire Israeli AI startup Decart for approximately $7 billion.
- Decart develops software that allows developers to switch between different AI chips.
- The startup was founded in 2023 by three Israeli engineers: Dean Leitersdorf, Orian Leitersdorf, and Moshe Shalev.
- Decart has raised over $400 million from venture capital firms and was valued at nearly $4 billion in May.
- Previous acquisition talks with Nvidia and Anthropic reportedly fell through.
- Amazon is developing its own AI chip to compete with Nvidia.
Ynetnews publishes in English. The key points are summarized above. Read Ynetnews’s full report from the link at the top of the page.
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