Nvidia is looking to get into the server rental market.

The semiconductor giant is reportedly nearing a deal to acquire Lepton AI, a company that rents out servers that are powered by Nvidia’s AI chips, according to The Information. Citing unnamed sources, the outlet says the deal deal is worth several hundred million dollars.

TechCrunch reached out to Nvidia for more information.

Lepton AI was founded two years ago and raised an $11 million seed round in May 2023 from CRV and Fusion Fund. The other big player in the server rental market is Together AI, a startup that has raised more than $500 million in venture capital despite only being about a year older than Lepton.

Nvidia reportedly acquired synthetic data startup Gretel last week.