AI & Enterprise
Nvidia to buy Kumo AI for over $400 million to secure AI models for structured data
Nvidia has agreed to acquire enterprise predictive AI software startup Kumo AI for more than $400 million, The Information reported on Tuesday. An Nvidia executive first disclosed the deal in a LinkedIn post, the report said. Nvidia will expand its portfolio of AI models optimized for its hardware and broaden a base for companies to further customize its models. Kumo builds AI models to answer predictive questions using structured enterprise data such as customer information and payment data.
