Report: Amazon in Talks to Acquire AI Startup Decart for Around $7 Billion

Tech giant Amazon is in discussions to purchase artificial intelligence startup Decart for approximately $7 billion, according to a report in The Wall Street Journal.

American technology giant Amazon is in talks to acquire artificial intelligence startup Decart in a deal valued at around $7 billion, The Wall Street Journal reported, according to news agency Reuters and financial publication Barron's.

According to the reports, discussions between the two parties remain ongoing, though a binding agreement has not yet been finalized. The prospective deal could bolster Amazon's artificial intelligence capabilities amid intensifying competition across the tech industry.

Further details regarding the terms of the potential transaction have not yet been released, and representatives for the companies have not issued an official response.