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.
Related articles:
Related suggestion:
Cubs rookie Michael Busch homers in 5th consecutive game to equal club recordUniversal Beijing Resort debuts new ChineseEnjoy winter sports at foot of Great Wall in ShanxiHoliday tourism contributes to China's rural revitalizationWanderlust will spark recoveryHere's exactly what happens to Queen Mary if Frederik diesLiu refreshes men's 102kg world records at IWF World CupChinese paddlers sweep titles at WTT Champions Incheon8th Happy Ice and Snow Season kicks off in Beijing World ParkShanghai Disney Resort launches Earth Month activities
2.6699s , 6500.765625 kb
Copyright © 2024 Powered by Nvidia to buy Israeli AI company for estimated $700M ,International Insight news portal