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Amazon in talks to buy AI startup Decart for $7 billion

Original: ai

Amazon is reportedly in talks to acquire Israeli AI startup Decart for around $7 billion, according to a Wall Street Journal report carried by Reuters. The deal would mark another major investment by a US tech giant in artificial intelligence, and the reported price tag has drawn attention to the rising valuations of young AI companies.

Why now: The WSJ report of a multibillion-dollar Amazon acquisition is fresh news in a period of intense interest in AI deals.

AmazonDecartWall Street JournalReuters

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