Nvidia to buy Israeli AI company for estimated $700M
Time:2024-05-21 11:15:35 Source:businessViews(143)
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.
Previous:Biden says Brown v. Board of Education ruling was about more than education
Next:‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squad
You may also like
- Ohio judge to rule Monday on whether the state’s abortion ban stands
- UN Chief Calls for Equal Land Rights for Women
- Water festival attacks kill 3 during Myanmar coup leader’s holiday — Radio Free Asia
- Globally Co
- Investigators return to Long Island home of Gilgo Beach serial killing suspect
- Across China: Slow Train Provides Mobile Library Along Yangtze River
- Hangzhou Asiad Medal Design Unveiled with 100 Days to Go
- China Space Museum Reopens to Public After Renovation
- Burglar hurled stolen mobile phones at police from the top of 60ft high roof during nine