Cloud Provider Nebius Agrees to Buy AI Startup for $643 Million (Correct)

Cloud computing provider Nebius Group NV agreed to buy Eigen AI, a startup that boosts the performance of chips used to run artificial intelligence tasks, for about $643 million in stock and cash.

Eigen, a 20-person California startup cofounded by alumni of a prominent MIT AI lab, works on optimizing the performance of some of the leading open-source models from OpenAI, Alibaba Group Holding Ltd., Meta Platforms Inc. and Nvidia Corp. Eigen’s technology maximizes the number of tokens — the basic units of data in large language models — generated by each Nvidia chip that Nebius uses for inference, or running AI ...