Nvidia to buy Israeli AI company for estimated $700M
Release time：2024-05-21 09:23:07 Source：Stellar Standpoint news portal
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：Amir Khan's £11.5m luxury wedding venue finally hosts its first marriage: Bride arrives on horse
- Next：Kate Hudson hits the stage to debut songs from her new album Glorious at star
Related articles
- Strictly star Giovanni Pernice's former partner Rose Ayling
- Burmester finishes long day at PGA Championship within 4 shots of leaders heading into final round
- Former adviser to Nigel Farage who had four
- Foreigner hotel stays in Japan jump 68% to record high in March
- Shohei Ohtani's first walk
- China's Tang Qianting betters Asian record for women's 100m breaststroke
- Rochelle Humes flaunts her incredible figure in black bikini before slipping into a cream two
- States with abortion bans saw greater drops in medical school graduates applying for residencies
- A warrant for Netanyahu’s arrest was requested. But no decision was made about whether to issue it
- Copper has career
- Hollywood star Shia LaBeouf is spotted on the streets of Gavin and Stacey's hometown Barry
- EMILY PRESCOTT: Emma Stone's got a black belt in red carpet appearances
- Sky use balanced attack, dominate fourth quarter to beat Wings 84
- Biden will deliver Morehouse commencement address during a time of tumult on US college campuses
- Nadal returns to Roland Garros to practice amid doubts over fitness and form
- Hapoel Jerusalem win Israel's basketball State Cup
- Emma Stone has sweet reaction to being called her birth name by a reporter at Cannes Film Festival
- Man City hit top spot with emphatic win at Fulham
- Adams, Reyna, Turner, Ream are US concerns ahead of Copa America
- Anya Taylor
Random recommendation
- Copyright © 2024 Powered by Nvidia to buy Israeli AI company for estimated $700M ,Stellar Standpoint news portal sitemap