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:
Olympic gold is great, but athletes say some cash to go with it is even betterSienna Miller looks incredible in a tiny black bikini as she surfs the waves in Costa RicaUS lawmakers relaunch Uyghur caucus — Radio Free AsiaREVEALED: Bartender, 33, 'who lured 19BYU hires Suns assistant Kevin Young to replace Mark Pope, who left to coach KentuckyVenezuela closes embassy in Ecuador to protest raid on Mexican embassy thereRise of the middleThe Sky added plenty of star power in the WNBA draft with Kamilla Cardoso and Angel ReeseWorld is not doing enough to protect coral reefs, UN envoy saysNHL announces Bodyarmor as its new sports drink, replacing BioSteel
2.5386s , 6574.7890625 kb
Copyright © 2024 Powered by Nvidia to buy Israeli AI company for estimated $700M ,Planet Panorama news portal