Public announcement from Nvidia or reputable news sources like Bloomberg or Reuters

Nvidia in Advanced Talks to Acquire Seattle-based OctoAI for $165 Million - The Information

Sep 17, 2024, 06:41 PM

Nvidia is in advanced talks to acquire OctoAI, a Seattle-based AI software startup, for approximately $165 million, according to The Information. OctoAI, which was previously valued at over $900 million in 2021, develops software aimed at making AI models run more efficiently. The potential acquisition aligns with Nvidia's strategy to reduce the cost of running AI on its GPUs, addressing a significant issue in the industry. The deal is still under discussion, and the final terms may include considerations for OctoAI's debt and other expenses.