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Nebius Buys AI Chip Optimizer for $615M
1 May
Summary
- Nebius Group NV acquires Eigen AI for $615 million in stock and cash.
- Eigen AI enhances performance of chips for AI model inference.
- The acquisition aims to improve Nebius's AI computing services.
Nebius Group NV, a cloud computing provider, has announced its agreement to acquire Eigen AI, a startup focused on boosting the performance of chips used in artificial intelligence. The deal is valued at approximately $615 million, comprising a mix of stock and cash.
Eigen AI, cofounded by alumni from a prominent MIT AI lab, concentrates on optimizing open-source AI models from major players like OpenAI and Meta Platforms. Their technology maximizes token generation from Nvidia chips during AI inference, a key process for running AI models.
This acquisition by Nebius, which separated from Yandex in 2024, is strategically aimed at enhancing its inference services. Nebius aims to become a major player in the inference market within the next 18 months.
This move follows Nebius's recent acquisition of Tavily in February and signals the company's intent to acquire companies that accelerate its growth and expand its customer-facing product offerings in the rapidly evolving AI sector.
