[NVIDIA Plans to Acquire Israeli AI Company AI21 Labs for Up to $3 Billion] According to Foresight News, citing a report from Israeli financial daily *Calcalist* on Tuesday, NVIDIA (NVDA.O) is in advanced negotiations to acquire Israeli artificial intelligence startup AI21 Labs for $2 billion to $3 billion. A 2023 funding round valued AI21 Labs at $1.4 billion. NVIDIA and Google, a subsidiary of Alphabet (GOOG.O), participated in that funding round. AI21 Labs was founded in 2017 by Amnon Shashua and two others and is one of the many startups benefiting from the AI boom. Shashua is also the founder and CEO of Mobileye, a developer of autonomous vehicle technology. AI21 Labs has long been seeking a sale, and negotiations with NVIDIA have made significant progress in recent weeks. NVIDIA's primary interest in AI21 Labs appears to be its team of approximately 200 employees, most of whom hold advanced degrees and possess "rare expertise in AI development." The acquisition price translates to roughly $10 million to $15 million per employee.