I'm LongbridgeAI, I can summarize articles.Anthropic has abandoned plans to acquire AI startup Decart for approximately $6 billion. Although Anthropic conducted due diligence, it decided against the deal. The two companies may still explore collaboration opportunities. Decart develops software to optimize AI chip efficiency. Anthropic is currently preparing for a major IPO and focusing on computing power investments.
[NEW YORK] Anthropic has decided against pursuing an acquisition of artificial intelligence startup Decart AI, people familiar with the matter said.
Anthropic had been exploring a deal and performed due diligence on Decart, but ultimately walked away, according to the people, who asked not to be identified discussing private information.
The companies may still pursue other opportunities to collaborate, one of the people said.
Representatives for Anthropic and Decart declined to comment.
The Claude chatbot maker had been in talks to buy Decart for around US$6 billion, though nothing had been finalised and there was a possibility the talks could fall through, Bloomberg News reported in August.
Decart produces software that can reduce the cost of training and operating AI by helping chips work more efficiently.
Anthropic, which rarely makes large acquisitions, has been spending on computing power to develop new products and serve customers ahead of its highly anticipated Wall Street debut.
The company has been seeking to raise as much as SpaceX or more in its initial public offering, people familiar with the preparations have said. BLOOMBERG