Nvidia to buy Israeli AI company for estimated $700M
Time:2024-05-21 06:47:46 Source:entertainmentViews(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:Ricky Stenhouse punching Kyle Busch could lead to suspension
Next:Iran helicopter crash that killed President Raisi could reverberate across the Middle East
You may also like
- Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit
- Bolt wins duel against Gatlin, again
- Xi Says China to Work with Pakistan to Build CPEC into Exemplary Project of High
- China to establish coal capacity reserve system by 2027
- Brazil replaces injured goalkeeper Ederson in Copa America squad
- Xi Makes Instructions on China's First National Ecology Day
- Chinese tourists' return greeted by destinations
- Radiunova claims title during ladies figure skating in Kazakhstan
- Kristin Cavallari, 37, ignores critics of her age