Amazon in Talks to Acquire AI Startup Decart for Roughly $7 Billion

Amazon is in discussions to acquire artificial intelligence startup Decart in a transaction potentially valued at around $7 billion, according to reports citing people familiar with the matter. San Francisco-based Decart creates software that enables developers to switch seamlessly between different AI chips. If finalized, the transaction would rank among Amazon's largest AI acquisitions, aimed at bolstering Amazon Web Services' infrastructure and competitive standing against rivals like Microsoft and Alphabet. Neither company has officially confirmed the talks. Amazon shares closed regular trading up 3.29% at $262.43 ahead of the reports.