Nvidia has reportedly acquired Gretel, a San Diego-based startup that’s developed a platform to generate artificial AI coaching information. Terms of the acquisition are unknown. The price ticket was stated to be 9 figures, exceeding Gretel’s most up-to-date valuation of $320 million, in keeping with Wired.
Gretel and its workforce of roughly 80 workers shall be folded into Nvidia, the place its tech shall be deployed as a part of the previous’s go well with of generative AI providers for builders, Wired reported.
Gretel was based in 2019 by Alex Watson, Laszlo Bock, John Myers, and Ali Golshan, who additionally serves as the corporate’s CEO. The startup fine-tunes fashions, provides proprietary tech on prime, after which packages these fashions collectively to promote them.
Gretel raised greater than $67 million in enterprise capital from traders together with Anthos Capital, Greylock, and Moonshots Capital previous to its exit, in keeping with Crunchbase.
Nvidia’s acquisition is strategic — and well timed. Tech giants like Microsoft, Meta, OpenAI, and Anthropic are already utilizing artificial information to coach flagship AI fashions as they exhaust sources of real-world information.
