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
What a blast to work at NASA. Space agency is sky
WASHINGTON (AP) — Exploring the cosmos makes for happy employees, federal workers like to work from2024-05-21NOT REAL NEWS: A look at what didn't happen this week
A roundup of some of the most popular but completely untrue stories and visuals of the week. None of2024-05-21Italy earns 5th Champions League spot for next season because of overall success in Europe
ROME (AP) — Italy is the first nation to benefit from UEFA’s move to award an extra Champions League2024-05-21The iconic fantasy film that catapulted a 17
It was, as Warwick Davis described it in his autobiography, 'the biggest casting call for little peo2024-05-21NBA playoffs: Edwards leads Wolves to 98
DENVER (AP) — Anthony Edwards overcame a slow start and the Timberwolves roared back from a 20-point2024-05-21EPA designates 2 forever chemicals as hazardous substances, eligible for Superfund cleanup
WASHINGTON (AP) — The Environmental Protection Agency on Friday designated two forever chemicals tha2024-05-21
atest comment