American technology company Nvidia is progressing toward acquiring Israeli artificial intelligence startup AI21 Labs in a deal valued between $2 billion and $3 billion. Founded in 2017, AI21 Labs is recognized for its advanced AI research and development. Last year, the startup was valued at approximately $1.4 billion during a funding round that included investments from Nvidia and Alphabet’s Google subsidiary, Meta. The company’s founder, Amnon Shashua, who is also CEO of Mobileye—a firm specializing in autonomous vehicle technology—leads AI21 Labs. The startup employs around 200 experts with high-level AI education and expertise, attracting Nvidia’s interest primarily in this skilled team to enhance its AI products and services. The acquisition price equates to roughly $10 to $15 million per employee, marking a significant investment in the sector. Amid the rapidly growing popularity of artificial intelligence, major tech companies are strengthening their positions by acquiring smaller, specialized startups. This potential acquisition could boost Nvidia’s market competitiveness and advance its AI initiatives, with similar deals expected to continue shaping the global technology landscape in the future.
Source: binance
