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Amazon in Talks to Acquire Israeli AI Startup Decart for $7 Billion
Amazon is reportedly in talks to acquire Israeli AI startup Decart for around $7 billion, a deal that would be one of the largest exits in Israeli tech history.
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What happened
- 01Amazon is reportedly negotiating to acquire Israeli AI startup Decart for approximately $7 billion.
- 02Decart, founded in 2023, specializes in technology for efficient AI model operation and chip flexibility.
- 03The potential acquisition comes amid a global race for computing power and efforts to diversify AI chip reliance.
- 04Decart has raised over $400 million from prominent venture capital firms.
- 05Amazon's cloud division, AWS, has previously engaged with Decart, granting early access to its AI chip.
- 06If finalized, the deal would be one of the largest exits in the Israeli high-tech sector.
Decart, founded in 2023, has developed technology for efficient AI model operation and switching between chip manufacturers, addressing the high demand for computing power and reducing reliance on Nvidia. The acquisition could significantly boost Amazon's AI infrastructure capabilities. Negotiations are ongoing, with no final agreement yet reached.
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