Anthropic drops pursuit of AI startup Decart valued at $6 billion

(Catch all the Technology News News, and Latest News Updates on The Economic Times.) SynopsisAnthropic ​has decided not ​to pursue an acquisition of artificial ​intelligence startup Decart AI, Bloomberg News reported on Monday, citing people familiar with the matter.

ReutersAnthropic ​has decided not ​to pursue an acquisition of artificial ​intelligence startup Decart AI, Bloomberg News reported on Monday, citing people familiar with the matter. * ‌Anthropic had ⁠explored ⁠a deal for Decart that Bloomberg News previously ​reported could be worth about $6 billion, but ultimately walked away ​after conducting due diligence, the report said.

* The companies could still pursue other forms ​of collaboration, the report added. * ⁠Reuters could ‌not immediately verify the ​report. Decart ​AI and Anthropic did not immediately ⁠respond to requests for comment outside business ​hours.

* Reuters reported last month that ​Anthropic was in talks to acquire Nvidia-backed Decart as the Claude chatbot maker explored acquisitions that could help it handle growing demand ahead of a planned public ‌listing. * Decart develops AI infrastructure and optimization technology and has built models including its Lucy live-video editing ⁠model and Oasis simulation platform.

* Anthropic is preparing for an initial public offering and is expected to begin marketing the offering in mid-October at the earliest, with a listing targeted before the U.S. midterm elections in November. Read more news onAnthropic acquisitionDecart AI startupAI infrastructureinitial public offeringNvidia-backed AI companies (Catch all the Technology News News, and Latest News Updates on The Economic Times.) Elevate your knowledge and leadership skills at a cost cheaper than your daily tea.

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