Nvidia to buy Israeli AI company for estimated $700M
Time:2024-05-21 16:19:53 Source:healthViews(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:Hall of Fame outfielder Ken Griffey Jr. to lead Indianapolis 500 field in Corvette pace car
You may also like
- Four people killed in a house explosion in southwestern Missouri
- Rural Women in SW China's Guizhou Make Creative Cultural Products to Increase Income
- China Makes Notable Achievements in Environmental Protection: Report
- China Takes Solid Steps to Foster Stronger Sense of Community for Chinese Nation
- Red Lobster seeks bankruptcy protection after closing some restaurants
- East China City Makes Progress in Building Child Friendly City
- Village in China's Henan Transformed by Cultural Industries
- China Commemorates War Against Japanese Aggression
- Hall of Fame outfielder Ken Griffey Jr. to lead Indianapolis 500 field in Corvette pace car