Amazon moves toward buying AI firm Decart, valued near $7 billion
Anthropic had stepped back from its own offer for Decart before Amazon's talks emerged. A later update says the Israeli company may sell for about $5.5 billion after Nvidia dropped plans to revive its own talks.
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What happened
Amazon is reportedly in advanced negotiations to acquire Decart, an Israeli artificial intelligence startup, in a deal valued at around $7 billion. Decart's software helps developers switch between different AI chips, and Amazon is already a strategic customer interested in its technology. Later updates say Decart is nearing a sale at a lower valuation, around $5.5 billion, after Nvidia declined to revive acquisition talks.
Why it matters
The deal would strengthen Amazon's position in the rapidly expanding AI infrastructure market. Anthropic had walked away after offering $6 billion for the company.
Timeline
- Oct 12, 5:40 AM ET: Amazon is reported to be in talks to acquire Decart in a deal valued around $7 billion.
- Oct 13, 3:36 AM ET: Decart is nearing a potential sale at a valuation below $7 billion after Nvidia declined to revive acquisition talks.
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