Amazon negotiates potential seven billion dollar acquisition of AI startup Decart

Amazon is engaged in discussions to acquire artificial intelligence developer Decart in a deal that could be worth around 7 billion dollars. SiliconANGLE, Reuters, Bloomberg, Yahoo Finance, and Investing.com all reported the talks, citing an initial story published by the Wall Street Journal. [1][2][3][4][5][6]

Decart creates software designed to make it easier for developers to run artificial intelligence models across different processors. SiliconANGLE reported that this capability has become increasingly valuable as technology companies move to secure computing infrastructure for their artificial intelligence applications. [1]

Decart is an Israeli artificial intelligence company founded in September 2023 by Dean Leitersdorf, Orian Leitersdorf, and Moshe Shalev. Headquartered in Tel Aviv with additional offices in San Francisco and New York, the firm develops real-time world models and infrastructure that produce interactive video and simulated environments frame by frame with low latency. [8]

Amazon was originally founded by Jeff Bezos in July 1994 as an online retail venture operating out of Bellevue, Washington. [9]