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
Why US Catholics are planning pilgrimages in communities across the nation
A long-planned series of Catholic pilgrimages has begun across the United States this weekend, with2024-05-21David Beckham talks to Jimmy Kimmel about 'perfect' Lionel Messi joining Inter Miami
David Beckham heavily praised Inter Miami star Lionel Messi on Wednesday night during a late-night t2024-05-21Angel Reese invites Michael Jordan to watch her play for Chicago Sky ahead of WNBA season
Angel Reese has openly invited Michael Jordan to come watch a Chicago Sky game ahead of the start of2024-05-21Airbnb, Topgolf Callaway fall; AppLovin, Cheesecake Factory rise, Thursday, 5/9/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Thursday: Airbnb Inc.2024-05-21Yu Darvish extends scoreless innings streak to 25 in Padres' 9
ATLANTA (AP) — Yu Darvish dominated a slumping Braves offense and extended his career-high scoreless2024-05-21Croatia conservative leader Plenkovic appointed as prime minister
ZAGREB, Croatia (AP) — Croatian conservative leader Andrej Plenkovic was formally appointed prime mi2024-05-21
atest comment