NVIDIA IN ADVANCED TALKS TO ACQUIRE OCTOAI FOR ~$165M

$NVIDIA (NVDA.US)$ is reportedly in advanced discussions to acquire Seattle-based startup OctoAI for approximately $165M, according to The Information. OctoAI specializes in software that enhances the efficiency of AI models.
The proposed price is before factoring in the company’s debt and other expenses. This acquisition aligns with Nvidia's ongoing efforts to boost its AI capabilities.