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Amazon Weighs $7 Billion Purchase of AI Startup Decart

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Amazon Weighs $7 Billion Purchase of AI Startup Decart

Amazon is reportedly in discussions to purchase artificial intelligence startup Decart in a roughly $7 billion deal.

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That’s according to a report Sunday (Oct. 11) by The Wall Street Journal (WSJ), citing sources familiar with the matter. Those sources say a deal could come together soon, provided the talks don’t collapse and another contender doesn’t make an offer.

PYMNTS has contacted Amazon for comment but has not yet gotten a reply.

Decart’s software makes it easier for developers to move between different AI chips, the report said, noting that this capability has become more important as companies scramble to acquire additional computing power.

Founded in 2023, Decart is also working on world models known as Lucy and Oasis, which can generate and simulate real-world 3-D environments, the report said.

The WSJ added that Amazon’s custom Trainium3 chip was developed to compete with Nvidia, which continues to dominate the market for graphics processing units, the specialized chips powering the AI boom.

Amazon Web Services offered Decart early access to the chip last year after meeting with the company and being impressed by its founders, the report added.

If the deal for Decart materializes, it would surpass Amazon’s $6.5 billion purchase of the MGM movie and television studio in 2022. The company also announced an approximately $11 billion deal for Starlink competitor Globalstar earlier this year.

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