Nvidia to buy Israeli AI company for estimated $700M
Time:2024-05-21 10:52:47 Source:sportViews(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:Uber and Lyft say they'll stay in Minnesota after Legislature passes driver pay compromise
Next:'The Apprentice,' about a young Donald Trump, premieres in Cannes
You may also like
- Hollywood star Shia LaBeouf is spotted on the streets of Gavin and Stacey's hometown Barry
- The family of Irvo Otieno criticizes move to withdraw murder charges against 5 deputies
- Wisconsin judge dismisses lawsuit challenging state's new wolf management plan
- China's trade with other BRICS members up 11.3 pct in Q1
- Who is Jacob Zuma, the former South African president disqualified from next week's election?
- Top clubs urge Brazil's soccer federation to suspend league matches because of flooding
- Rise of David Lloyd's 'two
- Analysis: Lando Norris win shows McLaren is ready to return to global motorsports prominence
- Everybody may love Raymond, but Ray Romano loves Peter Boyle