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
Student fatally shot, suspect detained at Georgia's Kennesaw State University
ATLANTA (AP) — Officials at Georgia’s Kennesaw State University say a student was killed in a weeken2024-05-21Civilian interrogator defends work at Abu Ghraib, tells jury he was promoted
ALEXANDRIA, Va. (AP) — A civilian interrogator who worked 20 years ago at the infamous Abu Ghraib pr2024-05-21Hanna and Haley Cavinder say they're returning for last season at Miami
CORAL GABLES, Fla. (AP) — The Cavinder twins are back at Miami.One day after Hanna Cavinder revealed2024-05-21Jets might have a tough call to make between a playmaker or protection at No. 10 in the NFL draft
FLORHAM PARK, N.J. (AP) — The NFL draft board is wide open for Joe Douglas and the New York Jets. An2024-05-21Ohio judge to rule Monday on whether the state’s abortion ban stands
COLUMBUS, Ohio (AP) — A county judge could rule as early as Monday on Ohio’s law banning virtually a2024-05-21Dropping the ball: Jags hope to end decades of ineptitude when it comes to drafting receivers early
JACKSONVILLE, Fla. (AP) — The Jacksonville Jaguars have been mostly inept at drafting wide receivers2024-05-21
atest comment