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
Siblings trying to make US water polo teams for Paris Olympics
WALNUT, Calif. (AP) — Chase Dodd started swimming when he was just a kid. Once he began playing wate2024-05-21- Shirtless Boris Becker displayed a painful-looking elbow injury as he strolled on the beach in Costa2024-05-21
7 postal workers charged with mail theft from Rhode Island distribution hub
PROVIDENCE, R.I. (AP) — Federal prosecutors charged seven postal workers with stealing mail — target2024-05-21Powerball $100million: Why winners of huge lottery prizes have to wait two weeks for their money
Aussies buying a ticket in Thursday's $100million Powerball jackpot have been urged to get financial2024-05-21Why US Catholics are planning pilgrimages in communities across the nation
A long-planned series of Catholic pilgrimages has begun across the United States this weekend, with2024-05-21Fire at a residential building in Germany leaves 3 people dead and 2 with grave injuries
BERLIN (AP) — A fire at a residential building in western Germany left three people dead and two oth2024-05-21
atest comment