Nvidia is in advanced talks to buy Israel-based AI startup AI21 Labs for as much as $3 billion, the Calcalist financial daily reported on Tuesday.

The global tech company declined to comment, while AI21 was not immediately available to comment.

The news comes shortly after Nvidia announced that it would build a planned “multibillion-shekel” research and development campus in the northern town of Kiryat Tivon, outside Haifa, with plans to create a tech hub that will employ an estimated 10,000 people.

Nvidia CEO Jensen Huang has described Israel as the company’s “second home.”

And it comes as the Israeli tech market for “exits” — mergers and acquisitions as well as initial public offerings of shares — recorded one of its best years over the past decade in 2025, despite wars in Gaza, Iran and elsewhere.

The value of Israeli tech exits, including M&As and IPOs, this year jumped by a whopping 340 percent to $58.8 billion, up from $13.4 billion in 2024, according to a 2025 exit report by consultants PwC Israel.

The big........

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