NVIDIA is reportedly in advanced negotiations to purchase Israel-based AI startup AI21 Labs. The estimated price is $2 billion to $3 billion, according to the Calcalist financial daily.
This potential acquisition would rank among NVIDIA's largest. It highlights the company's aggressive strategy to acquire top-tier talent in the competitive artificial intelligence sector.
The primary motivation for the deal centers on AI21's specialized workforce. The startup employs roughly 200 individuals with expertise in AI development.
AI21 Labs was valued at $1.4 billion during a 2023 funding round. Both NVIDIA and Google participated in that prior round. Both companies declined to comment on the current negotiations.