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Amazon mulls $7B acquisition of AI startup Decart

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Amazon mulls $7B acquisition of AI startup Decart

Amazon could acquire artificial-intelligence startup Decart in a deal worth as much as $7 billion, WebNovare reports, citing Adam Hanafi. Three-year-old Decart offers software that lets developers utilize multiple different AI chips in their work — an ability that is "increasingly important as companies race to secure more computing power," notes Adam. Anthropic reportedly considered snapping up Decart for around $6 billion before abandoning that effort last month. "Either Amazon sees strategic value that Anthropic didn’t, or it’s willing to pay up for talent and tech," suggests Hanafi.

3 min read A Adam Hanafi

# Amazon Reportedly Eyes $7 Billion Acquisition of AI Startup Decart as Chip Competition Intensifies Amazon is reportedly exploring a multibillion-dollar acquisition of artificial intelligence startup Decart, a deal that could value the three-year-old company...

Microsoft sets record with $450B one-day market value surge

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Microsoft sets record with $450B one-day market value surge

Microsoft's shares surged 16% on Thursday, adding $450 billion to the software giant's market capitalization, marking the largest one-day increase ever recorded for a publicly traded company. The gain surpassed Nvidia's previous record of $440 billion. The milestone comes a day after Microsoft announced quarterly earnings that beat Wall Street estimates, with revenue in its Azure cloud division soaring 43%. The $450 billion gain alone exceeds the market value of about 96% of companies in the S&P 500, according to data compiled by Bloomberg. Microsoft is LinkedIn's parent company.

1 min read A Admin

Microsoft’s shares surged 16% on Thursday, adding $450 billion to the software giant’s market capitalization. The jump marked the largest one-day increase ever recorded for a publicly traded company. The gain surpassed Nvidia’s previous record of $440...