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Investing.com -- Nvidia (NASDAQ:NVDA), the prominent chip manufacturer, has acquired Gretel, a synthetic data firm, for a nine-figure sum, Wired reported individuals directly familiar with the deal. The purchase price surpasses Gretel’s most recent valuation of $320 million, although the precise terms of the agreement have not been disclosed.
Gretel, along with its team of about 80 employees, will be integrated into Nvidia. The technology of Gretel will be utilized as part of Nvidia’s expanding collection of cloud-based, generative AI services aimed at developers.
NVIDIA declined to comment on the report.
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