'Nvidia Recently Discussed Acquiring Software Startup OctoAI for $165 Million' - The Information
Portfolio Pulse from Benzinga Newsdesk
Nvidia is in discussions to acquire software startup OctoAI for $165 million. This move could enhance Nvidia's software capabilities and expand its AI offerings.
September 17, 2024 | 6:39 pm
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Nvidia is considering acquiring OctoAI for $165 million, which could strengthen its software and AI capabilities, potentially impacting its market position positively.
The acquisition of OctoAI would likely enhance Nvidia's software and AI capabilities, aligning with its strategic focus on AI. This could improve Nvidia's competitive edge and market position, leading to a positive short-term impact on its stock price.
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