Forbes September 30, 2024
In a bold move that solidifies its position as the leader in artificial intelligence infrastructure, Nvidia has acquired OctoAI, a Seattle-based startup specializing in generative AI tools. This $250 million deal marks Nvidia’s fifth acquisition in 2024, underscoring the company’s aggressive strategy to build a comprehensive end-to-end generative AI stack for enterprises.
Formally known as OctoML, the company was founded in 2019 as a spinoff from the University of Washington’s Apache TVM project. It made significant strides in optimizing AI model performance across various hardware platforms. The startup’s core technology focuses on making AI hardware more accessible to developers by providing a hardware-agnostic software layer that simplifies the deployment and scaling of AI models.
OctoAI’s evolution from OctoML to a...
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