News Summary

Nvidia has acquired the synthetic data firm Gretel for a nine-figure sum, surpassing its recent valuation of $320 million. Gretel, founded by Alex Watson, John Myers, and CEO Ali Golshan in 2019, provides a synthetic data platform and APIs for developers needing AI model training data without privacy risks. Nvidia plans to integrate Gretel’s technology into its cloud-based AI services, addressing the data scarcity issue in AI development. This acquisition aligns with Nvidia’s efforts to expand synthetic data tools for developers, highlighted at their recent developer conference by CEO Jensen Huang.