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
'The Apprentice,' about a young Donald Trump, premieres in Cannes
CANNES, France (AP) — While Donald Trump’s hush money trial entered its sixth week in New York, an o2024-05-21Northerners head south for warmth
While people from southern provinces are attracted to the snowy winter scenery in North China, peopl2024-05-21Peng Liyuan Attends UNESCO Award Ceremony for Girls', Women's Education
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21Cold Harbin a hot tourism destination for holiday
Harbin, Heilongjiang province, a hot tourism destination since winter, welcomed around 10.1 million2024-05-21Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
ST. PAUL, Minn. (AP) — A plan to boost pay for Uber and Lyft drivers in Minnesota that lawmakers bel2024-05-21Xi Encourages Martyrs' Children to Be Loyal Guardians of Party, People
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21
atest comment