Nvidia Continues Israel Shopping Spree with Acquisition of Deci
Nvidia is reportedly on the cusp of sealing another monumental deal in its journey towards expanding its influence in the artificial intelligence (AI) sector through strategic acquisitions. The latest move involves the impending acquisition of Deci, an Israeli startup specializing in AI technology. While the financial terms of this deal have yet to be officially disclosed, it is speculated that the acquisition cost will be notably lesser than Nvidia’s recent purchase of Run:ai, which commanded a price tag of approximately $700 million.
This development comes hot on the heels of Nvidia’s announcement on Wednesday about completing the acquisition of Run:ai, showcasing the chip giant’s aggressive strategy in bolstering its AI capabilities. The move to acquire Deci underlines Nvidia’s commitment to enhancing its foothold in the AI domain, signaling its intention to lead in a sector that is increasingly becoming critical for technological advancement across various industries.
Deci, the Israeli startup soon to join Nvidia’s expanding portfolio, has been recognized for its cutting-edge AI technology. It will be intriguing to see how Nvidia integrates Deci’s innovations into its current offerings and how this acquisition further propels Nvidia into the forefront of the AI technology race.
As the details of the acquisition are finalized, the tech industry watches closely. Nvidia’s strategic acquisitions in Israel signify a significant investment in the future of artificial intelligence, positioning the company as a formidable force in the ever-evolving landscape of technology.
