JAKARTA - Nvidia plans to acquire an Israeli startup company called AI21 Labs. Currently, the two companies are in the advanced stage of talks.
Reportedly, the acquisition value will reach 3 billion US dollars or around Rp. 50 trillion. According to Calcalist's report, as reported by Reuters, the negotiation process has progressed in recent weeks.
AI21 Labs was founded in 2017 by Amnon Shashua along with two other partners. The company previously had a valuation of 1.4 billion US dollars (Rp23.3 trillion) in last year's funding round.
Nvidia has not made any statements, but the company is allegedly interested in the quality of the workforce that AI21 Labs has. The company has 200 employees with rare expertise in developing advanced AI.
This acquisition is also in line with Nvidia's ambition to carry out a massive expansion. Nvidia CEO Jensen Huang even openly mentioned that Israel is Nvidia's second home.
In Israel, Nvidia plans to build a giant research and development campus capable of accommodating 10,000 employees. The modern facility is planned to begin construction in 2027 in the Kiryat Tivon area.
This deal is predicted to strengthen Nvidia's position as the most powerful chip developer. The integration of talent from AI21 Labs is expected to accelerate Nvidia's AI technology innovation in the future.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
