Nvidia to buy Israeli AI company for estimated $700M
U.S. technology giant Nvidia signed an agreement to acquire Israeli artificial intelligence company Run:ai, the two companies announced on Wednesday.
The parties did not disclose amounts, but several Israeli media estimated the deal at about 700 million U.S. dollars.
Nvidia explained that it signed the agreement to help customers make more efficient use of their AI computing resources.
Founded in 2018 and based in the coastal city of Tel Aviv, Run:ai has built an operating system tailored for the latest AI processors, leveraging advanced virtualization technologies.
Run:ai's customers include giant global companies and startups that use AI in fields such as finance, automotive, and health, alongside leading academic institutions.
According to Ndivia, among its 29,600 workers worldwide, 3,300 are employed in Israel, most of them in the northern city of Yokneam, and Tel Aviv.
Related articles
Not so Cool Britannia! Noel Gallagher gives damning verdict on Keir Starmer
Noel Gallagher has insisted he would still back Tony Blair for PM - as he warned Keir Starmer not to2024-05-2130 Palestinian prisoners released by Israel on 5th day of truce
(Xinhua) 11:14, November 29, 2023GAZA, Nov. 28 (Xinhua) -- A bus carrying 30 Palestinian prisoners d2024-05-21Foreign enterprises eye bright prospects in Chinese market
(People's Daily Online) 16:28, April 01, 2024Executives of multinational corporations and representa2024-05-21Cambodian PM to attend 4th Lancang
(Xinhua) 10:01, December 25, 2023PHNOM PENH, Dec. 23 (Xinhua) -- Cambodian Prime Minister Hun Manet2024-05-21- The 'real-life Martha' from Baby Reindeer bombarded Sir Keir Starmer with almost 300 emails, it has2024-05-21
Columbus, Real Salt Lake play to scoreless draw
SANDY, Utah (AP) — Zac MacMath saved five shots for Real Salt Lake and Evan Bush and Nicholas Hagen2024-05-21
atest comment