Nvidia to buy Israeli AI company for estimated $700M
Time:2024-05-21 09:34:02 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:What's next for Iran after death of its president in crash?
Next:Hall of Fame outfielder Ken Griffey Jr. to lead Indianapolis 500 field in Corvette pace car
You may also like
- Dodgers acquire pitcher Yohan Ramírez from Mets for cash
- Forum highlights structural reforms
- Xi, Honduran President Exchange Congratulations on 1st Anniversary of Ties
- Xinhua Headlines: Chinese, Nauruan Presidents Hold Talks for 1st Time Since Resuming Ties
- Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
- Chinese, Dominican Presidents Exchange Congratulations on 20th Anniversary of Diplomatic Ties
- Forum highlights structural reforms
- Nation's NEV output hits milestone
- Lynn Williams breaks NWSL goal