Amazon in talks to acquire AI startup Decart for about $7 billion
+2 new sources since this summary was written
Amazon is reportedly negotiating to purchase the artificial‑intelligence startup Decart in a deal valued at roughly $7 billion, according to the Wall Street Journal. The talks are ongoing and no agreement has been confirmed. Anthropic previously explored a purchase of Decart for about $6 billion but walked away from the deal in September. Decart was founded in 2023 by three engineers in Israel.
Why it matters
The Wall Street Journal report says the acquisition could expand Amazon's AI portfolio and may require a sizable cash outlay, which could influence the company's balance sheet and stock perception. Analysts may reassess Amazon's competitive position in the AI market if the deal closes.
Key facts
- 1Amazon is in talks to acquire Decart for a valuation of around $7 billion. finance.yahoo.com
- 2The Wall Street Journal report says the same $7 billion figure. investing.com
- 3Anthropic had earlier explored buying Decart for roughly $6 billion but abandoned the plan in September. finance.yahoo.com
- 4Decart was founded in 2023 by three Israeli engineers. finance.yahoo.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.