Nvidia to buy Israeli AI company for estimated $700M
Release time：2024-05-21 16:34:23 Source：Worldly Watch 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：Philippines blames China for loss of giant clams in disputed shoal and urges environmental inquiry
- Next：Everybody may love Raymond, but Ray Romano loves Peter Boyle
Related articles
- Student fatally shot, suspect detained at Georgia's Kennesaw State University
- Missouri State moves up to Conference USA in 2025 from FCS, becoming 12th football member
- Ernie Els, 5 others in 6
- Authorities make arrest in 2001 killing of Georgia law student who was found dead in a burning home
- Children are evacuated from school 'during an exam' after threat made via email
- Paul Merson is banned from the roads after being caught speeding four times in just eight months
- Families with TWO retired generations will surge to one million in a decade
- Migrants who attempted to set up tent encampments in Dublin were 'chased out by locals'
- Kevin Pillar gets 1,000th career hit in Angels' win at Texas
- Australian judge extends ban on X sharing video of Sydney bishop's stabbing
- French sports minister calls for sanctions after Monaco player tapes over anti
- Everton drops appeal against Premier League points deduction after staving off relegation
- Gossiping cats, a headless horse and a kung fu
- Gunmen abduct 9 students in Nigeria's north in the latest attack targeting schools
- Why US Catholics are planning pilgrimages in communities across the nation
- Two more tennis players banned over links to Belgian match
- Mock coffins fill a square in Milan in a protest over workplace safety in Italy
- Film academy launches $500M fundraising campaign ahead of 100th Oscar anniversary
- Children are evacuated from school 'during an exam' after threat made via email
- Mock coffins fill a square in Milan in a protest over workplace safety in Italy
Random recommendation
- Copyright © 2024 Powered by Nvidia to buy Israeli AI company for estimated $700M ,Worldly Watch news portal sitemap