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
- The 'real-life Martha' from Baby Reindeer bombarded Sir Keir Starmer with almost 300 emails, it has2024-05-21
Court rules North Carolina Catholic school could fire gay teacher who announced his wedding online
RALEIGH, N.C. (AP) — A Catholic school in North Carolina had the right to fire a gay teacher who ann2024-05-21Airbnb shares slide on lower revenue forecast despite a doubling of net income
SAN FRANCISCO (AP) — Airbnb’s profit more than doubled last quarter, but management’s disappointing2024-05-21Travis Kelce called out for being 'corny' over reaction to romance with Taylor Swift by Jana Kramer
Travis Kelce has been called out for being both 'corny' and 'cheesy' over his reaction to attention2024-05-21Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
Socialite Jasmine Hartin has been seen enjoying a beach snuggle with her new mystery man.Ms Hartin w2024-05-21Lawyers' coalition provides new messengers for Black voter engagement
WASHINGTON (AP) — Young Black lawyers and law students are taking on a new role ahead of the general2024-05-21
atest comment