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— - 2 Paul Baier - 2 Baier - 2 Nader Khalil - 1 Colette Kress - 1 Kress - 1 it's - 1 OpenAI - 1
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☆ Nvidia is on an acquisition spree even as regulatory scrutiny heats up and AI M&A cools
  + stars: | 2024-08-05 | by ( Emma Cosgrove | ) www.businessinsider.com   time to read: +5 min
According to public announcements, the firm has made four acquisition deals so far in 2024, exactly even with Nvidia's 2020 deal total. Nvidia declined to discuss its acquisition strategy for this report, citing a quiet period before it announces earnings on August 28. In May, Nvidia agreed to acquire Deci AI, another Israeli startup that makes tools for developers to build AI models, for $300 million. In July ​Nvidia competitor AMD announced an agreement to acquire Silo AI, a Finnish AI startup, for $655 million. And this quiet trickle of deals in various forms is unlikely to stop since the market for AI talent is so tight.
Persons: —, Nader Khalil, Colette Kress, Kress, it's, OpenAI, Paul Baier, GAI, Baier, Umesh Pavdal, Thomvest Organizations: Service, Nvidia, Microsoft, Department of Justice, Federal Trade Commission, Business, ARM, Softbank, Politico, Shoreline, LinkedIn, Citi Global, DOJ, FTC, Amazon, AMD, Silo Locations: Israeli, California, San Francisco, Finnish
☆ Gold chains and leather jackets: The business deals behind the tech industry's most powerful bromance
  + stars: | 2024-07-30 | by ( Emma Cosgrove | ) www.businessinsider.com   time to read: +6 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMeta CEO Mark Zuckerberg didn't let the tomatoes touch after he cut them into perfectly uniform slices. "In our company, I want every engineer and every software developer to have an AI or many AIs," Huang said to Zuckerberg. Huang and Zuckerberg have big stakes in that vision coming true, according to Paul Baier, CEO and principal analyst at GAI Insights. Huang needs to ensure LLMs keep building with Nvidia chips and Zuckerberg needs Huang's credibility to bolster his semi-open-source strategy.
Persons: —, Mark Zuckerberg didn't, Huang, Zuckerberg, Google's, Meta's, Meta, Paul Baier, Baier Organizations: Service, Business, Nvidia, Meta, Microsoft, AIs Locations: Hawaii
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