Hey there, tech enthusiasts! Today, we’re diving into some exciting news from Nvidia that could shake up the server rental scene.

Nvidia is reportedly in negotiations to acquire Lepton AI, a company specializing in server rentals powered by Nvidia’s own AI chips. This move reflects Nvidia’s ambition to expand its horizon into the lucrative server rental market.

According to a recent report by The Information, this potential deal could be valued in the hundreds of millions of dollars, signaling Nvidia’s serious commitment to this new venture.

Lepton AI, which came into existence just two years ago, has already made waves by securing an $11 million seed funding round in May 2023 from notable investors like CRV and Fusion Fund. It appears to be positioned well within its market.

It’s worth noting that another player, Together AI, has also made headlines by raising over $500 million in venture funding, showcasing the competitive nature of this industry.

This acquisition follows Nvidia’s recent purchase of synthetic data startup Gretel, highlighting the company’s ongoing strategy to bolster its capabilities in artificial intelligence and data-driven technologies.

Stay tuned for more updates on this evolving story!