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
Revealed: Brit tourist, 19, subjected to sex attack in Majorca 'was gang
A 19-year-old British tourist who was subjected to a horrific sex attack in Majorca 'was gang-raped2024-05-21Closure of Gaolan Port Bridge in Guangdong Huangmao Sea cross
Beijing, March 21 (Youth.cn)- Photo taken on March 20th in Zhuhai, Guangdong Province. Gaolan Port B2024-05-21A family of forest rangers makes a difference
Wang Liuyang (right) and Xu Pan work in a watchtower for the Zhanhe Forest Bureau, a subsidiary of S2024-05-21Zhangjiagang Port maintain operation all night to ensure that ships do not overwhelm the port
Beijing, March 29 (Youth.cn)- Photo taken on March 28th at the Zhangjiagang Port in Jiangsu Province2024-05-21Lynn Williams breaks NWSL goal
Lynn Williams scored her 79th league goal, becoming the National Women’s Soccer League all-time scor2024-05-21Ministry: US practice disrupts normal business activities
Demonstrators hold up signs in support of video app TikTok during a news conference on Tuesday outsi2024-05-21
atest comment