Nvidia is making waves in the tech world with its potential acquisition of Lepton AI, aiming to carve a bigger slice of the server rental market. If you’ve been keeping an eye on the AI industry, you’ll know this could be a game-changer. Lepton AI is renowned for its knack in renting out servers powered by Nvidia’s own AI chips, and this deal might be worth several hundred million dollars, according to insiders from The Information.
Lepton AI, despite being a relatively new player—founded just two years ago—has quickly made a name for itself. They’ve already secured an impressive $11 million in seed funding as of May 2023, with backing from investors like CRV and Fusion Fund. It’s a competitive scene out there, with companies like Together AI, which boasts over $500 million in venture funding, but Lepton stands out with its unique offerings.
For Nvidia, this isn’t just a one-off move. It follows their recent acquisition of Gretel, a startup focused on synthetic data. It’s clear Nvidia is on a mission to diversify and strengthen its AI-driven services. By bringing Lepton AI into the fold, Nvidia could be positioning itself for even more groundbreaking innovations in the AI sector.
