Amazon is reportedly discussing a deal to acquire artificial intelligence startup Decart for about $7 billion, according to people familiar with the matter. The negotiations are ongoing, though a deal could be finalized soon. Neither company has publicly confirmed the talks.
Founded in 2023, San Francisco-based Decart develops software that helps developers run AI models on different types of specialized semiconductor chips and switch between them. The technology is increasingly important as companies seek greater flexibility and efficiency in the costly AI computing market.
A potential acquisition would be a significant move to strengthen Amazon Web Services (AWS) as it competes with other technology giants in AI. The talks follow failed acquisition discussions between Decart and AI company Anthropic earlier this year.