Anthropic reportedly backs from $6bn Decart AI acquisition
The acquisition was expected to help Anthropic’s compute infrastructure absorb its growing demand. Read more: Anthropic reportedly backs from $6bn Decart AI acquisition
Anthropic reportedly decided to withdraw from talks to acquire Decart AI, a research start-up, for an estimated $6 billion. The acquisition was anticipated to bolster Anthropic's compute infrastructure to meet its rising demand. Decart AI, valued at nearly $4 billion after securing $300 million in funding earlier this year, specializes in enhancing chip efficiency.
It operates AI models such as "Lucy", which edits live video in real-time, and "Oasis", a 'world model' designed for training robots with realistic simulations. Decart's infrastructure aims to improve the training and inferencing capabilities of AI models. The US-based AI company had secured around $517 billion in compute capacity leases over the past 11 months.
Anthropic is also planning to design its own chips to avoid the global chip shortage. Notably, the company's IPO, expected to be the largest in history, is slated for mid-October, with investors anticipating a raise of $75 billion or more at an estimated $2 trillion valuation.
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Also reported by 5 other outlets
- Anthropic reportedly walks away from acquisition of US$6 billion AI startup Decart businesstimes.com.sg
- Anthropic drops pursuit of AI startup Decart nst.com.my
- Anthropic drops pursuit of AI startup Decart economictimes.indiatimes.com
- Anthropic drops pursuit of $6b Decart AI deal techinasia.com
- Anthropic walks away from Decart AI deal - report seekingalpha.com
