Market Chatter: Dell Technologies to Acquire AI Data Startup Dataloop for $120 Million

MT Newswires Live12-18 02:54

Dell Technologies (DELL) is acquiring Israeli data-infrastructure start-up Dataloop for $120 million in an all-cash deal, tech news website CTech reported Wednesday.

Dataloop has developed a platform that manages and processes unstructured data used to train artificial intelligence models, the report said.

Dell Technologies did not immediately respond to MT Newswires' request for comment.

Shares of the company were down over 4% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 127.96, Change: -5.79, Percent Change: -4.33

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