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：
Government takes 'first steps' to speed up consent processNZ report card 2023: near the top of the class in some areas, bottom in othersDespair in Gaza as fighting intensifies, despite Israel promise to scale backCyclone Gabrielle: Helicopter pilot recalls emotions, panic during rescue operation'Very few grey areas': Greens urged to front on Golriz Ghahraman shoplifting allegationsCOP28 deal 'significant step forward', Climate Change Minister saysChile forest fires: At least 64 dead in Valparaíso regionPakistan ex'An authentic, genuine, warm man': Flood of tributes for Fa'anānā Efeso CollinsTrump to stand trial on 25 March in New York criminal hush money case
2.3844s , 6515.8515625 kb
Copyright © 2024 Powered by Nvidia to buy Israeli AI company for estimated $700M ,World Whirl news portal