Report: Amazon in advanced talks to acquire Israeli startup Decart for $7b.
According to a report in The Wall Street Journal, the tech giant is conducting advanced negotiations to acquire the Israeli artificial intelligence startup.
Amazon is in advanced talks to acquire Israeli AI startup Decart for around $7 billion, according to a report from The Wall Street Journal. Sources close to the negotiations indicate that the deal, if successful, could be finalized soon, though the possibility of failure still exists. Should the acquisition proceed at the reported valuation, it would mark one of the most significant exits in Israeli high-tech history and one of Amazon's largest acquisitions in recent years.
This potential purchase follows Anthropic's aborted $6 billion bid for Decart earlier this year, as well as Nvidia's earlier rejection of an acquisition offer from the startup. Founded in 2023 by brothers Dean, Orian Leitersdorf and Moshe Shalev, Decart operates from San Francisco and has raised over $400 million in venture capital funding.
The startup's technology enables AI models to run efficiently on various chipsets, a valuable capability in the ongoing global race for computing power and efforts to reduce dependence on Nvidia's chips. Amazon and Decart have previously collaborated in the chip sector, with Amazon being a key client of the Israeli company. This potential acquisition could help Amazon diversify its AI infrastructure and reduce reliance on Nvidia's hardware.
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.
