amgun
Nvidia (NASDAQ:NVDA) is beefing up its dominance in the artificial intelligence space through acquisitions, the latest being two Israeli startups that aim to lower costs of creating and running AI models.
The chip giant on Wednesday confirmed that it will acquire Run:ai, and is said to have reached a deal for another startup Deci, The Information reported citing a person involved in the agreement.
Demand for Nvidia's (NVDA) advanced chips has surged as tech companies increasingly spend on AI models. But AI models are very costly to run and are prone to mistakes, leading to concerns over returns on such huge investments.
Both Deci and Run:ai work on lowering these costs. Run:ai makes AI chips more efficient by enabling multiple workloads to run in parallel, reducing the number of GPU needed to complete tasks.
Meanwhile, Deci modifies AI models to ensure they run more cheaply. Its work is similar to that of OmniML, another startup that Nvidia (NVDA) quietly acquired last year.
If Nvidia (NVDA) can bring down costs of running AI models, it would be able to maintain long-term demand for its chips that power these models.
The company is expected to offer technology from Deci and OmniML along with its parallel computing platform Cuda, according to the report. Nvidia's (NVDA) AI supercomputing service DGX Cloud will likely integrate Run:ai's software.