Nvidia to buy Israeli AI company for estimated $700M
Release time：2024-05-21 07:40:42 Source：Worldly Whispers 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：Celebrity birthdays for the week of May 26
- Next：With Djokovic awaiting the winner, Murray trails Hanfmann at rain
Related articles
- Burglar hurled stolen mobile phones at police from the top of 60ft high roof during nine
- Spanish police say they've broken up Sinaloa cartel network, and seized 1.8 tons of meth
- Student shocks by filming her £700
- 10 indicted on charges of theft from Tuskegee University
- Six killed in a 'foiled coup' in Congo, the army says
- F1 design great Newey expects to join another team after leaving Red Bull next year
- Former world champion Alaphilippe wins the hilly 12th stage of the Giro. Pogacar still leads
- Violence rages in New Caledonia as France rushes emergency reinforcements to its Pacific territory
- Children are evacuated from school 'during an exam' after threat made via email
- Closing prices for crude oil, gold and other commodities
- Jon Wysocki dead at 53: Staind drummer passes away
- A Palestinian converted to Judaism. An Israeli soldier saw him as a threat and opened fire
- Maverick Kentucky congressman has avoided fallout at home after antagonizing GOP leaders
- King Charles' portrait painter Jonathan Yeo admits not everyone will like the 'fiery' painting
- Yu Darvish extends scoreless innings streak to 25 in Padres' 9
- Timbers rally to beat San Jose 4
- Chasing Amy: How Marisa Abela became Amy Winehouse for 'Back to Black'
- Open letter before European Parliament election: Prioritize democracy as authoritarianism grows
- What's next for Iran after death of its president in crash?
- Army reservist's family describes struggle to get help before mass shooting in Maine
Random recommendation
- Copyright © 2024 Powered by Nvidia to buy Israeli AI company for estimated $700M ,Worldly Whispers news portal sitemap