Amazon in Advanced Talks to Acquire Israeli AI Startup Decart for $7 Billion
Summarized from The Jerusalem Post by baba
Amazon is in advanced talks to acquire Israeli AI startup Decart for approximately $7 billion, according to The Wall Street Journal. The deal would be one of the largest exits for Israeli high-tech and a major acquisition for Amazon. Decart's technology enables efficient AI model operation across different chips and develops simulation tools. The acquisition could bolster Amazon's AI infrastructure and efforts to find alternatives to Nvidia chips.
The story in 6 lines · by baba
- Amazon is reportedly in advanced talks to acquire Israeli AI startup Decart for approximately $7 billion.
- The potential deal would be one of the largest exits in Israeli high-tech history.
- Decart's valuation has surged to about $7 billion, a 75% increase since May.
- Decart's technology allows AI models to run efficiently across different chips.
- Amazon is already a strategic client of Decart and uses its chips.
- The acquisition could help Amazon reduce reliance on Nvidia chips.
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