Investing.com — Nvidia is in advanced negotiations to acquire AI21 Labs for $2-3 billion, according to a Tuesday report from Israeli media outlet Calcalist.
This would mark Nvidia’s fourth acquisition in Israel and its second largest after Mellanox. The deal primarily targets AI21’s workforce of approximately 200 employees, most with advanced academic degrees and rare experience in artificial intelligence development. The acquisition price represents about $10-15 million per employee.
AI21 Labs is one of the few Israeli companies developing a large-scale language model for artificial intelligence. The company’s last known valuation was $1.4 billion following a capital raise in 2023.
Reports from last summer suggested AI21 completed a $300 million fundraising round led by Nvidia and Google, though these publications were never confirmed by the company.
Founded in 2017 by Amnon Shashua and two others, AI21 has benefited from the boom in artificial intelligence, attracting significant interest from venture capital firms and investors. Shashua is also the founder and CEO of Mobileye.
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