Nebius Group agrees to buy Eigen AI for about $615 million
Updated
Updated · Bloomberg · May 1
Nebius Group agrees to buy Eigen AI for about $615 million
12 articles · Updated · Bloomberg · May 1
The deal, paid in stock and cash, brings in a 20-person California startup cofounded by two alumni of a prominent MIT AI lab.
Nebius said Eigen’s software improves Nvidia chips used for AI inference by increasing token output, helping the cloud provider deliver faster and cheaper services to customers.
Eigen works on optimising leading open-source models from OpenAI, Alibaba, Meta and Nvidia, strengthening Nebius’s push to improve AI computing efficiency.
How will a $615M bet on a 20-person startup redefine the escalating cost of AI for cloud giants?
Can software tweaks truly offset the immense power demands of next-gen AI chips, or is this just a temporary fix?