According to Reuters, the negotiations point to NVIDIA's appetite to expand its market share in AI software.
Established in 2017, AI21 Labs' most popular product line has been its large language models and enterprise-level generative artificial intelligence tools.
The Tel Aviv-based firm has built models targeting tasks such as generating longer-form text and supporting summarization and search. The most recent valuation for the firm stood at $1.4 billion as of its 2023 fundraising round, with investors including and Google.
Currently, AI21 has about 200 employees, including some of the best and brightest from elite Israeli military technology units and research institutes, which makes the company very appealing at this stage of the competition for top talent in AI.