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
Fernando Alonso commits his future to Aston Martin by signing new two
Fernando Alonso is set to announce that he has signed a new two-year deal to stay Aston Martin, Mail2024-05-21The 10 worst movie sequels of all time REVEALED
Movie watchers have spoken and ranked the worst sequels of all time - with some surprising results g2024-05-21Pep Guardiola is spotted wearing a £1.1MILLION watch while managing Man City against Real Madrid
Manchester City boss Pep Guardiola was seen flaunting one of the rarest watches in the world that is2024-05-21Who is Jacob Zuma, the former South African president disqualified from next week's election?
JOHANNESBURG (AP) — Former South African President Jacob Zuma was barred Monday from running for Par2024-05-21Fernando Alonso commits his future to Aston Martin by signing new two
Fernando Alonso is set to announce that he has signed a new two-year deal to stay Aston Martin, Mail2024-05-21
atest comment