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Barchart
Pathikrit Bose

Nvidia Acquires Kumo AI for $400 Million. What That Means for NVDA Stock.

Nvidia Kumo NVDA

The world's largest company by market cap and chip major Nvidia (NVDA) has acquired Kumo AI, a developer of foundational models catering primarily to the financial sector, for a reported value of $400 million. The team at Kumo comprising of the founding team of CEO Vanja Josifovski, head of engineering Hema Raghavan, and chief scientist Jure Leskovec are now a part of Nvidia.

The latest acquisition comes among a number of them by Nvidia in recent years, headlined by the $20 billion buyout of Groq.

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