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:
Related suggestion:
Tsitsipas beats Sinner to reach Monte Carlo Masters final, will face Djokovic or RuudXi'an summit to open new chapter of ChinaBundy family standoff: 10 years on, cattle graze disputed Nevada landCommentary: Washington's WTO farce bane for global trade orderDraft judicial explanation on marriage released for public reviewSenior Chinese leaders attend deliberations at annual legislative sessionCommentary: Why Washington's rage over China's Micron ban is calling white blackCommentary: Honduras made the right decision on ties with BeijingSenior Chinese leaders attend deliberations at annual legislative sessionCommentary: Competition should not be the leitmotif of China
2.6959s , 6505.21875 kb
Copyright © 2024 Powered by Nvidia to buy Israeli AI company for estimated $700M ,Global Grid news portal