Nvidia Nears Deal to Buy GPU Reseller for Several Hundred Million Dollars

Nvidia is in advanced talks to buy Lepton AI, a two-year-old startup that rents out servers powered by Nvidia’s artificial intelligence chips, in a deal worth several hundred million dollars, according to a person close to the company.

The move is part of Nvidia’s push into the cloud and enterprise software market, in competition with major cloud providers like Amazon and Google. Nvidia has felt pressure to diversify from hardware because the cloud providers, which are its biggest customers, are trying to undercut it by developing and renting out alternative chips for a low price.