Amazon in talks to acquire Israeli startup, AI model that can edit live videos in real-time
Decart has also developed Oasis, a model that generates simulated environments to train and test robotics and autonomous-driving systems.
Amazon is reportedly in discussions to acquire Israeli AI startup Decart for approximately $7 billion, according to a Sunday report in the Wall Street Journal. The source, citing anonymous individuals familiar with the matter, revealed that Decart's Lucy model, supported by Nvidia, is capable of editing live video in real-time. In addition, Decart has developed Oasis, a technology that creates simulated environments to train and test robotics and autonomous-driving systems.
In May, the Wall Street Journal reported that Decart was valued at nearly $4 billion, based on PitchBook data. Amazon did not comment on the report outside of regular business hours, while Decart did not respond to requests for comment.
The acquisition, if finalized, could occur swiftly, should talks not fall through or if no other potential buyer emerges, the report suggested. Last month, Anthropic decided against pursuing an acquisition of Decart following completion of due diligence, Bloomberg News reported. Anthropic had been considering a potential $6 billion deal in August, as per the Bloomberg report. Decart raised $300 million in May through a funding round led by Radical Ventures, with Nvidia joining as a new investor.
Written by urgent.news from Jerusalem Post Tech & Start-Ups's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
