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
Kristin Cavallari, 37, ignores critics of her age
Kristin Cavallari is enjoying a romantic rendezvous with her much younger cowboy lover Mark Estes in2024-05-21Peng Liyuan Visits National Museum of China with Philippine First Lady
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21What's New for China's New Development Pattern and Why Is It crucial?
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21Xi Extends Spring Festival Greetings to All Chinese
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21Verona confirms Serie A status for another year after beating Salernitana
SALERNO, Italy (AP) — Verona secured a place in next year’s Serie A after beating Salernitana 2-1 on2024-05-21Xi Makes Video Calls to People Across China, Extending Festive Greetings Ahead of Year of Rabbit
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21
atest comment