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:
Bo Naylor hits his 1st career grand slam, Guardians beat Angels 7Means tosses seven shutout innings in season debut, Orioles beat Reds 2Missouri man charged in 1966 killing in suburban Chicago, based on DNA evidenceRyan Gosling shares 'odd piece of advice' coLas Vegas Aces further solidify roster beyond this season by signing AllTexas floods: Rescue works underway as forecasters predict more rainfallRangers aware of Presidents' Trophy curse as they face Carolina Hurricanes in second roundBlue Jays reinstate outfielder Kevin Kiermaier from injured listQuick start sends Earthquakes to 3Chris Hemsworth keeps it casual as he and his wife Elsa Pataky jet out of Australia for his much
2.7079s , 6496.2265625 kb
Copyright © 2024 Powered by Nvidia to buy Israeli AI company for estimated $700M ,Global Guide news portal