In addition to its agreement to buy Israeli AI startup Run:ai, Nvidia has also recently struck a deal to acquire Israeli AI startup Deci, an agreement which has yet to be announced, The Information’s Stephanie Palazzolo reports, citing a person involved in the deal. Both venture-backed companies seek to lower the cost of developing or running generative AI models, the author notes.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVDA:
- AMZN, NVDA, or PLTR: Which Tech Stock is the Most Attractive AI Pick?
- Nvidia and AMD: Evercore Selects the Best AI Stocks to Buy
- Notable open interest changes for April 23rd
- Chinese Entities Access Nvidia Chips, While SoftBank Boosts Investment in AI
- New York Stock Exchange tests views on round-the-clock trading, FT says
