Nvidia acquires predictive AI software company Kumo AI for over $400 million

Odaily Planet Daily News Nvidia announced the completion of its acquisition of predictive AI software company Kumo AI for over $400 million. This acquisition will expand Nvidia's AI software business boundaries and solidify its industry advantage in the field of enterprise-level predictive analysis. It is reported that Kumo AI was founded in 2022 and has developed its own base model that can connect to structured data in enterprise data warehouses, enabling multiple commercial scenarios such as customer churn prediction, anti-fraud, supply and demand estimation, risk control review, and intelligent product recommendation. According to sources, the founding team of Kumo AI officially joined Nvidia last month, and Nvidia has not yet issued an official comment on this acquisition. (Techstartups)