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
Six killed in a 'foiled coup' in Congo, the army says
KINSHASA, Congo (AP) — Six people were killed and dozens arrested following attacks on the residence2024-05-21Former Mormon reveals the wild list of rules she was forced to follow while living within ultra
A former Mormon has revealed the bizarre list of rules she had to follow when she was a member of th2024-05-21Tesla asks shareholders to reinstate Elon Musk's $55 billion pay package
DETROIT (AP) — Tesla will ask shareholders to reinstate a $56 billion compensation package for CEO E2024-05-21Myanmar junta releases thousands of prisoners in New Year amnesty — Radio Free Asia
Updated at 1:08 pm ET on April 17, 2024Myanmar prisons nationwide released over 3,000 prisoners on W2024-05-21Yvette Fielding says her Most Haunted co
Yvette Fielding claims her Most Haunted co-star Derek Acorah was a fake who tried to grope and kiss2024-05-21Gujarat crashes to 89 all out against Delhi, loses IPL game by 6 wickets at home
AHMEDABAD, India (AP) — Gujarat Titans crashed to their lowest-ever score of 89 as Delhi Capitals no2024-05-21
atest comment