Nvidia to buy Israeli AI company for estimated $700M
Time:2024-05-21 15:49:50 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:Russian theater director and playwright go on trial over a play authorities say justifies terrorism
Next:Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient
You may also like
- OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
- Urologist convicted of patient sex abuse, including of minors
- Girl, 14, 'gang
- British government tries to head off the type of unrest seen on American campuses
- Jessica Biel CHOPS her long locks into a bob after book signing in Studio City
- China's exports and imports return to growth in April as demand improves
- North West joins starry concert event of 'The Lion King' at Hollywood Bowl
- Kosovo backs Ukraine even though Kyiv has not recognized its independence, foreign minister says
- Independent UN experts urge Yemen’s Houthis to free detained Baha'i followers