Dell Inks $150 Million Hardware Deal With AI Startup Imbue

11/29/2023 06:49
Dell Inks $150 Million Hardware Deal With AI Startup Imbue

Dell has been telling investors its server business is poised to benefit from AI uses.

Dell Technologies Inc. has landed a $150 million deal to provide computing hardware to artificial intelligence startup Imbue, a win for the technology giant as it looks to grow its footprint in the AI market.

Dell is supplying Imbue with servers to enable the startup to process the vast amount of data needed to develop its AI systems and build models with advanced reasoning capabilities. Imbue, which raised $200 million in a recent funding round from firms including Nvidia Corp., is one of a handful of artificial intelligence startups building their own AI foundation models from scratch — an ambitious effort that requires a large volume of computing power.

In the year since ChatGPT launched and kicked off a frenzy around all things AI, Microsoft Corp., Alphabet Inc's Google and Amazon.com Inc. have moved aggressively to partner with artificial intelligence startups through investments and cloud computing deals. Dell, by comparison, is a smaller provider in the field — but it's been telling investors its server business is poised to benefit from AI.

Read more --->