Nvidia snaps up Kumo AI, a predictive AI startup known for its extreme accuracy
Nvidia Corp. has bagged itself another artificial intelligence startup, acquiring four-year-old model maker Kumo AI Inc.
The company designs AI models focused on making extremely accurate business predictions. It’s the latest in a string of startups acquired by the chipmaker in the last couple of years. Nvidia didn’t disclose the terms of the acquisition, but the deal has already been finalized, according to reports by Fortune and The Information.
Kumo AI is known for its extremely accurate machine learning models that are trained and then fine-tuned on customers’ own business data. One of its main advantages is convenience. Rather than having companies spend months building complex data pipelines and feature engineering, they can simply plug Kumo’s models into their data warehouse, such as Snowflake or Databricks, and start predicting outcomes using simple, Structured Query Language-like queries.
Kumo’s platform automatically handles all of the work involved in preparing, cleaning and joining historical business data, eliminating the manual effort required to set up predictive models by as much as 95%. The company also translates user’s natural language queries into its proprietary Predictive Query Language. This means they can ask simple questions such as “Will this customer churn?” or “What demand can we expect to see next quarter?” and instantly generate answers grounded in their own corporate data.
