Nvidia Corp (NASDAQ:NVDA) is considering acquiring the OctoAI startup for $165 million to boost its software and cloud computing services.
According to the Information, which cites shareholders’ messages, the startup sells software designed to enhance the efficiency of artificial intelligence models.
OctoAI raised $132 million from investors, including Tiger Global, which was valued at $900 million in 2021.
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Nvidia Considers $165M OctoAI Acquisition, Aims to Strengthen AI and Cloud Dominance