US EditionNvidia in Advanced Talks to Buy Israel's AI21 Labs for up to $3 Billion, Report Says
Nvidia aims to secure AI21’s 200 specialized AI employees in a $2–3 billion acquihire, expanding its Israel talent base amid rising competition in AI hardware.
- In recent weeks, chip giant Nvidia has entered advanced talks to acquire AI21 Labs, with Calcalist and Ctech reporting the deal is estimated at $2-3 billion and talks at senior levels.
- As an acquihire, the deal would focus on talent rather than products, with Nvidia's primary interest appearing to be AI21 Labs' workforce of roughly 200 employees, implying a cost of roughly $10-15 million per employee.
- AI21 now targets enterprise customers with Maestro, which aims to increase accuracy by 50%, after halting Wordtune and generating roughly $50 million annually.
- The deal would mark Nvidia's fourth major acquisition in Israel and its second-largest after the $7 billion Mellanox purchase, following last week's $20 billion Groq deal and extending Jensen Huang's expansion.
- Nvidia currently employs about 5,000 people in Israel and announced earlier this month a Kiryat Tivon campus for up to 10,000 employees by 2031, reshaping talent amid Google's TPU advances.
17 Articles
17 Articles
Nvidia Eyes $3 Billion Acquisition of AI21 Labs, Expanding Israeli Footprint
Nvidia is negotiating to acquire AI21 Labs, boosting its AI capabilities and expanding its Israeli presence. Valued at around $3 billion, AI21 is part of the thriving AI sector. The acquisition would include AI21's skilled workforce, amid Nvidia's major Israeli campus expansion plans.
Report: Nvidia could acquire LLM startup AI21 Labs for $3B
Nvidia Corp. is reportedly in advanced talks to acquire AI21 Labs Ltd., a startup that develops large language models and agent development tools. Calcalist reported today that a deal could be worth between $2 billion and $3 billion. At the top end of the range, that’s more than double the valuation AI21 received after its last […] The post Report: Nvidia could acquire LLM startup AI21 Labs for $3B appeared first on SiliconANGLE.
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