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:
Suspect in shooting of 2 Jewish men in Los Angeles last year agrees to plead guilty to hate crimesLizzo thanks antiRory McIlroy wore his wedding ring on Sunday when he won the Wells Fargo ChampionshipA fire at a marina in Croatia destroys 22 boats, causes huge damage but no injuriesLisa Armstrong escapes to Portugal just 24 hours after being left 'deeply sad' by exNepal's top cricket star has his 8A fire at a marina in Croatia destroys 22 boats, causes huge damage but no injuriesReport: Welding at water slide caused huge fire in Sweden that killed one personChances of Cyprus peace talks restart look dimmer as Turkish Cypriot leader sees no common groundHow this Dem
1.979s , 5260.3046875 kb
Copyright © 2024 Powered by Nvidia to buy Israeli AI company for estimated $700M ,World Winds news portal