Amazon in Talks to Buy AI Startup Decart for ~$7B
AMZN sits 34% above its 52-week low of $196.
Summary
Amazon is reportedly in talks to acquire AI startup Decart for around $7 billion, per WSJ. Decart's software lets developers switch between AI chips, and its Lucy model (backed by Nvidia) edits live video in real time. The startup raised $300 million in May at a ~$4 billion valuation, so the reported price implies a significant premium. Anthropic had explored a $6 billion deal but withdrew after due diligence. This follows Amazon's recent retreat from its own LLMs and its $50 billion OpenAI investment, signaling a shift toward acquiring AI capabilities. The deal would deepen Amazon's AI infrastructure play amid the $200 billion data center push.
At the time of this announcement, AMZN was trading at $262.53 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.8T. The 52-week trading range was $196.00 to $287.20. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: dpa-AFX.