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Amazon reportedly in talks to buy Decart AI in a deal that could be worth around $7 billion

Bloomberg, citing The Wall Street Journal, says the purchase could be wrapped up soon if negotiations don’t collapse.

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TLDR

Bloomberg, citing The Wall Street Journal, reports that Amazon is negotiating to acquire AI startup Decart AI in a deal that could be valued at around $7 billion. The Journal, citing people familiar with the matter, said the purchase could be wrapped up soon if negotiations don’t collapse. The Journal says Decart’s software makes it easier for developers to switch between different AI chips.

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The Wall Street Journal reports that Amazon is negotiating to acquire Decart AI in a deal that could value the startup at about $7 billion. The report attributes the talks to people familiar with the matter; no completed transaction or signed agreement is described.

Why Decart could interest Amazon

The Journal says San Francisco-based Decart makes software that helps developers switch between different AI chips. It says that capability is becoming increasingly important as companies race to secure more computing power.

The deal is not settled

Bloomberg says a purchase could be completed soon if negotiations do not collapse. Reuters also relayed the Journal’s report but said it could not immediately verify it independently.

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3 Sources

BloombergAmazon in Talks to Acquire Decart AI for $7 Billion, WSJ Reports1h
ReutersAmazon in talks to buy AI startup Decart for around $7 billion, WSJ reports1h
The Wall Street JournalExclusive | Amazon in Talks to Buy AI Startup Decart for Around $7 Billion2h
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    3 Sources

    BloombergAmazon in Talks to Acquire Decart AI for $7 Billion, WSJ Reports1h
    ReutersAmazon in talks to buy AI startup Decart for around $7 billion, WSJ reports1h
    The Wall Street JournalExclusive | Amazon in Talks to Buy AI Startup Decart for Around $7 Billion2h
    Today's Rank

    #6

    Today's Rank

    #6