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
Georgia Republicans choose Amy Kremer, organizer of pro
COLUMBUS, Ga. (AP) — Georgia Republicans on Saturday elected to the Republican National Committee a2024-05-21Spanish city of Barcelona celebrates day of books and love
Thousands of people were on the streets of the northeastern Spanish city of Barcelona on Tuesday for2024-05-21Huairou set for Beijing film festival
The 14th Beijing International Film Festival is set to open Thursday at the Yanqi Lake International2024-05-21Classic Peking Opera films set for screening in Beijing
Artists perform Peking Opera "Farewell My Concubine" to mark the 100th anniversary of Chin2024-05-21Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit
ROME (AP) — Pope Francis has added a stop in Luxembourg to a trip to Belgium in September, a three-d2024-05-21UN Chinese Language Day celebrated in Tunisia
Students learn inscription rubbing in the Confucius Institute at Carthage University in Tunis, Tunis2024-05-21
atest comment