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:
Oxford rowers fell ill before Boat Race, but stop short of blaming River Thames pollutionUp to 300mm more rain forecast for Westland before Thursday night2028 total solar eclipse in New Zealand likely big tourism drawcard, astronomer saysCentre that 'put Whangārei on the map' faces financial shortfallMajor internet disruptions in west and central AfricaOlympic champions to earn US$50,000, end of 128Shotgun attack after Hastings rugby game 'deplorable'2028 total solar eclipse in New Zealand likely big tourism drawcard, astronomer saysScammers pose as police officers in attempt to get financial information'A disgrace': Families doing it tough after government cuts funding to food bank
2.6452s , 6501.5546875 kb
Copyright © 2024 Powered by Nvidia to buy Israeli AI company for estimated $700M ,Global Glance news portal