Expanding AI territory! Nvidia (NVDA.US) reportedly plans to acquire software startup OctoAI

Market VisionTuesday, Sep 17, 2024 10:50 pm ET

1min read

According to reports, Nvidia (NVDA.US) is in talks to acquire software startup OctoAI.

The report, citing a document sent to shareholders by OctoAI, said Nvidia has offered about $165 million to acquire the Seattle-based startup. The company sells software for customers to use and run their AI models more efficiently. OctoAI's shareholders include Tiger Global Management, Madrona Venture Group and Amplify Partners.

Nvidia did not immediately respond to a request for comment.

Nvidia has been active in the M&A space recently, having completed four deals this year. In April, Nvidia acquired Run:Ai, an Israeli data center management software company, for $700 million. In May, Nvidia acquired Deci, an Israeli developer of an end-to-end deep learning platform, for $300 million. In June, Nvidia acquired Shoreline, a company that automates data center failure handling, for about $100 million, according to reports. In July, Nvidia acquired Brev.dev, an AI development tool startup, but the financial terms of the deal were not disclosed.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.