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:
Judge in Trump’s classified files case agrees to protect witness identitiesButler hits home run, winning single to lift A's to 2Robert MacNeil, creator of PBS 'NewsHour, dead at 93Trump's abortion statement angers conservatives and gives the Biden campaign a new targetThe return of horseWhy more state abortion bans present opportunities for DemocratsCJ McCollum scores 28 points as Pelicans hold off Warriors 114More history for Tiger Woods. He makes the Masters cut for a record 24th time in a rowOhtani hits 175th home run in Major League Baseball, tying Matsui for most by a JapanBarry Odom signs 5
3.1208s , 6498.8671875 kb
Copyright © 2024 Powered by Nvidia to buy Israeli AI company for estimated $700M ,Worldly Weaves news portal