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
Entire mall in Georgia is closed after 'shots are fired inside
The Augusta Mall in Georgia has been closed after gunshots were fired inside.Police were called at 12024-04-30Michael Douglas, 79, reveals the moment he realised his wife Catherine Zeta
Michael Douglas revealed the moment he realised his wife of 24 years Catherine Zeta Jones was 'the o2024-04-30NZ to give $6m in humanitarian aid to Sudan and Gaza
Foreign Affairs Minister Winston Peters. Photo: RNZ / Angus Dreaver2024-04-30Gladiator II: Paul Mescal battles Pedro Pascal in first footage from Ridley Scott's highly
Paramount Pictures unveiled five minutes of unfinished footage from the highly-anticipated sequel Gl2024-04-30Chinese readers find new passion for scientific literature
A woman visits the 2024 Beijing Book Fair in Beijing, capital of China, Jan. 11, 2024. (Xinhua/Ju Hu2024-04-30Which celebs have had the 'Biden facelift'? Top plastic surgeons spill all
Top plastic surgeons have revealed the celebrities who've had the same facelift President Joe Biden2024-04-30
atest comment