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
Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
ST. PAUL, Minn. (AP) — A plan to boost pay for Uber and Lyft drivers in Minnesota that lawmakers bel2024-05-21Accelerating economic development helps solve 'hollowing out' of border areas
By Xu Yelu (Global Times) 16:40, March 21, 2024North China's Inner Mongolia Autonomous Region has a2024-05-21China's courier industry: Record
(People's Daily Online) 14:35, January 24, 2024Last year, China's courier industry set new records i2024-05-21Polish opponents of abortion march against recent steps to liberalize strict law
WARSAW, Poland (AP) — Polish opponents of abortion marched in Warsaw on Sunday to protest recent ste2024-05-21Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
PRISTINA, Kosovo (AP) — Kosovo’s Cabinet renewed efforts with a new draft law on renting a prison in2024-05-21Faith Ringgold, pioneering Black quilt artist and author, dies at 93
NEW YORK (AP) — Faith Ringgold, an award-winning author and artist who broke down barriers for Black2024-05-21
atest comment