Amazon in talks to buy AI startup Decart for around $7 billion, WSJ reports
Amazon is in discussions to acquire artificial intelligence startup Decart for approximately $7 billion, according to reports citing people familiar with the matter. The San Francisco company makes software that helps developers switch between different AI chips. Decart was last valued at nearly $4 billion in May. Its Lucy model, which is backed by Nvidia, can edit live video in real time according to the company website. The potential multi-billion-dollar transaction highlights ongoing consolidation and heavy investments in the artificial intelligence sector by major cloud computing giants.
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- ✓ Amazon is in talks to acquire artificial intelligence startup Decart in a deal that could be valued around $7 billion.
- ✓ The San Francisco startup was last valued at nearly $4 billion in May.
- ✓ Decart makes software that helps developers switch between different AI chips.
What changed
Amazon has emerged as a potential buyer of Decart in negotiations valuing the startup around $7 billion.
Live updates
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Amazon in talks to buy AI startup Decart for around $7 billion
Amazon is in discussions to acquire artificial intelligence startup Decart for approximately $7 billion, according to reports citing people familiar with the matter. The San Francisco company makes software that helps developers switch between different AI chips. Decart was last valued at nearly $4 billion in May. Its Lucy model, which is backed by Nvidia, can edit live video in real time according to the company website. The potential multi-billion-dollar transaction highlights ongoing consolidation and heavy investments in the artificial intelligence sector by major cloud computing giants.
Why it matters
Decart is a three-year-old artificial intelligence startup that has not disclosed its revenue. The company maintains Israeli ownership links and operates out of San Francisco. The prospective acquisition targets technology that assists developers in navigating different semiconductor hardware.
What is confirmed
- Amazon is in talks to acquire artificial intelligence startup Decart in a deal that could be valued around $7 billion.
- The San Francisco startup was last valued at nearly $4 billion in May.
- Decart makes software that helps developers switch between different AI chips.
Still unconfirmed
- Decart's Lucy model, backed by Nvidia, can edit live video in real time.
What to watch next
- Official announcements from Amazon or Decart confirming or denying the acquisition talks
- Final valuation details if the transaction proceeds
confidence 90%Sources used for this update (19)
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- WSJ — Exclusive | Amazon in Talks to Buy AI Startup Decart for Around $7 Billion
- Reuters — Amazon in talks to buy AI startup Decart for around $7 billion, WSJ reports
- The Times of Israel — Amazon reportedly eyeing $7B deal to purchase Israeli-owned AI startup
- Yahoo Finance — Amazon Is in Talks to Buy AI Startup Decart, WSJ Reports
- CTech — Amazon emerges as potential buyer of Israeli AI startup Decart at $7 billion
- Seeking Alpha — Who is Decart? From AI startup to $7B acquisition target of Amazon (AMZN:NASDAQ)
- Barron's — Amazon in Talks to Buy Software Start-Up Decart AI: WSJ
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