Amazon in talks to buy AI startup Decart for about $7 billion, WSJ reports
· Politics · United States
Amazon is in talks to acquire AI startup Decart for around $7 billion, the Wall Street Journal reported. The reported deal would be one of the largest acquisitions of an AI company and would deepen Amazon's push into artificial intelligence. Decart develops AI technology, though the report did not detail its products or the stage of negotiations. The talks come as major technology companies race to secure AI talent and technology, driving up valuations across the sector.
Why it matters:A $7 billion AI acquisition by Amazon would rank among the largest in the sector and signal continued consolidation of AI capability among big tech.
Key points
- The reported price is around $7 billion.
- The deal would deepen Amazon's push into artificial intelligence.
- The report did not detail Decart's products or the stage of talks.
Sources (original reporting)
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