Nvidia Buys Enterprise Model-Maker Kumo AI for at Least $400 Million

· The Information ·

Nvidia acquired enterprise AI startup Kumo AI for more than $400 million to expand its customizable model offerings.

Categories: Money & Moves

Excerpt

<p>Nvidia has bought Kumo AI, a five-year-old startup that sells predictive AI software to enterprises, for more than $400 million, said a person with knowledge of the deal.</p> <p>The acquisition, first revealed by an Nvidia executive in a LinkedIn post on Tuesday, should expand Nvidia’s roster of AI models that can be optimized for Nvidia hardware and offered to enterprises for further customization.</p>

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