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
Supreme Court declines to hear challenge to Maryland ban on rifles known as assault weapons
WASHINGTON (AP) — The Supreme Court on Monday declined, for now, to hear a challenge to a Maryland l2024-05-21Digital Economy Provides Enormous Opportunities for Women
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21China Int'l Big Data Industry Expo 2022 Opens Online in Guizhou
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21Hebei's Schools Organize Activities to Help Students Stay in Best Shape Before Gaokao
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21Cruise worker 'murders newborn son on board ship': Shocked co
A cruise worker on board an Italian ship 'murdered her newborn son' as horrified co-workers raised t2024-05-21Ethnic Festival 'Liuyueliu' Celebrated in SW China's Guizhou
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21
atest comment