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
Kevin Pillar gets 1,000th career hit in Angels' win at Texas
ARLINGTON, Texas (AP) — Kevin Pillar tucked a keepsake ball into his bag from his 1,000th career hit2024-05-21Palestinian band escapes horrors of war but members' futures remain uncertain
DOHA, Qatar (AP) — They stroll Doha’s waterfront promenade and sing softly about children who are no2024-05-21Charter flights for WNBA road games was an early Mother's Day gift for players with children
NEW YORK (AP) — Indiana’s Katie Lou Samuelson says life as first-time mom got a littler easier with2024-05-21Collapsing billboard kills 3 and hurts 59 in heavy rains in Mumbai. Scores might be trapped
NEW DELHI (AP) — A billboard has collapsed and killed three people and injured 59 in India’s financi2024-05-21The government wants to buy their flood
HOUSTON (AP) — After the floodwaters earlier this month just about swallowed two of the six homes th2024-05-21Whoa Nelly! Rose Zhang wins Founders Cup to end Korda’s record
CLIFTON, N.J. (AP) — Great things have been expected from Rose Zhang from the moment the two-time NC2024-05-21
atest comment