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
Insider Q&A: CIA's chief technologist's cautious embrace of generative AI
Knowledge advantage can save lives, win wars and avert disaster. At the Central Intelligence Agency,2024-05-21China will not peak as forecasted by the 'China peak theory': FM spokesperson
(ECNS) -- China did not collapse as predicted by the “China collapse theory,” nor will it peak as fo2024-05-21China's foreign trade hits record high in Q1
(ECNS) -- China's total goods imports and exports exceeded 10 trillion yuan ($1.4 billion) in Q1 for2024-05-21Xi's Article Calls on Young Officials to Shoulder Mission of the Times
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21Company wins court ruling to continue development of Michigan factory serving EV industry
GREEN TOWNSHIP, Mich. (AP) — A judge has ordered a Michigan community to stop blocking efforts to br2024-05-21People enjoy Labor Day holiday across China
A boy drives a kart at a scenic area in Hangzhou, east China's Zhejiang Province, on May 3, 2022, th2024-05-21
atest comment