Amazon is in talks to acquire artificial intelligence startup Decart in a deal valued at around $7 billion, according to a Wall Street Journal report. Reuters could not immediately verify the report.
Amazon is in talks to acquire artificial intelligence startup Decart in a deal that could be valued at around $7 billion, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
The potential acquisition involves Amazon and Decart, an artificial intelligence startup. The reported valuation of the deal is approximately $7 billion. The Wall Street Journal cited individuals with knowledge of the negotiations for this information.
Reuters, which reported on the Wall Street Journal's findings, stated that it could not immediately verify the report. As of the time of the report, the talks remain unconfirmed by the companies involved.
This report highlights a potential significant transaction between a major technology company and an AI startup. If completed, it would represent a notable move by Amazon in the artificial intelligence sector. However, the deal is currently in the talk stage and has not been officially confirmed by Amazon or Decart.
Sources
This article was drafted with AI assistance and checked against the sources above. Company claims are reported as claims. Cover image is AI-generated.
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