Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Nvidia Acquires Predictive AI Startup Kumo for Over $400 Million

Nvidia Acquires Predictive AI Startup Kumo for Over $400 Million

CointimeCointime2026/06/04 11:00

According to monitoring by Beating, Nvidia has acquired Kumo AI, a predictive artificial intelligence startup founded five years ago, for a reported amount exceeding $400 million. The acquisition aims to leverage Kumo's predictive large models to provide predictive analytics services based on structured data for enterprise clients. Kumo's three co-founders, including former Pinterest CTO Vanja Josifovski, Stanford professor Jure Leskovec, and former LinkedIn AI head Hema Raghavan, will join Nvidia in May 2026. Enterprise structured data consists of multiple interrelated data tables, which are generally difficult for large language models to parse directly. Kumo combines graph machine learning technology with synthetic data generated in simulated business environments to train proprietary large models capable of predicting customer churn rates or payment defaults, thus enabling intelligent predictions on enterprise data warehouses. Nvidia may integrate Kumo's technology into its AI Foundry software services to assist businesses in combining private data with domain knowledge to customize proprietary models tailored to their business scenarios. In April 2026, Kumo released its latest predictive model, KumoRFM-2. Currently, Kumo's partners and clients include companies such as DoorDash, Reddit, Databricks, and Snowflake. Compared to its $20 billion acquisition of Groq's inference chip technology at the end of 2025, Nvidia shows a preference for smaller to medium-sized transactions in its mergers and acquisitions. According to securities regulatory filings, Nvidia's cumulative acquisition spending over the past five years is approximately $3 billion.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Anthropic reportedly scheduled pre-IPO Investor Day for October 14, targeting listing in November

Reportedly, as the listing date approaches, Anthropic plans to hold a pre-IPO investor day event.

智通财经•2026/10/02 01:41

Google faces over 3.2 billion dollars ad tech monopoly claim, publishers granted permission to proceed with jury trial

A federal judge in New York has ruled that USA Today, Daily Mail, and a collective of about 5,000 publishers may each seek compensation of $900 millions, $600 millions, and $1.7 billions, respectively. The judge rejected Google's objections regarding the calculation of compensation amounts in the ruling. Google stated that the judge also dismissed some publishers' claims related to another ad purchasing tool and will defend itself in court against the remaining lawsuits.

华尔街见闻•2026/10/02 01:16

Nike (NKE.US) reports Q1 revenue of $11.2 billions, continues to drive business restructuring

Nike released its financial report for the first quarter of fiscal year 2027.

智通财经•2026/10/02 01:06