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Itaú buys AI model startup NeoSpace for nearly R$3 billion

This story is from 2026-10-28. It is preserved in the archive; the latest stories are on the live feed.

Itaú, Latin America's largest bank, has bought NeoSpace, a Brazilian startup that develops foundation models for artificial intelligence, for close to R$3 billion, Brazil Journal reports . What the bank says it is buying CIO Ricardo Guerra told the outlet the goal is to turn Itaú into a kind of "fi…

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  1. 2026-10-28 14:38 · DEV Community — AI
    Itaú buys AI model startup NeoSpace for nearly R$3 billion

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