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:
Councilors vow to explain Article 23 to HK residentsMainland calls for peaceful development of crossMore efforts called on to energize consumptionChina takes steps to enhance telecom service, easing access for foreigners: spokespersonChina completes major tasks in threeEffective diplomacy in black and whiteZambian bank hails Chinese investment contribution to economic developmentTop 10 global innovative hubs in 2022Feature: China's satellite TV aid project enlightens remote rural villages in AfricaMainland spokesperson applauds Ma Ying
3.0032s , 6498.7734375 kb
Copyright © 2024 Powered by Nvidia to buy Israeli AI company for estimated $700M ,Worldly Winds news portal