Nvidia to buy Israeli AI company for estimated $700M
Release time：2024-05-22 08:59:38 Source：International Identities 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：Juneteenth proclaimed state holiday again in Alabama, after bill to make it permanent falters
- Next：Devers sets Red Sox record by homering in his 6th consecutive game
Related articles
- Spain withdraws its ambassador to Argentina over comments made by President Milei
- Semiautomatic firearm ban passes Colorado's House, heads to Senate
- Chinese Culture and Technology Day held in Bulgaria
- Hongkong Post to issue special stamps to mark Year of the Dragon
- Australia's deputy prime minister pledges support to Solomon Islands during visit to Honiara
- Innovation boosts revival of China's cultural, tourist industry
- A sneak peek inside China's first Northeast folk culture
- Dawn Staley and her NCAA champion South Carolina Gamecocks celebrated with parade and rally
- Vatican makes fresh overture to China, reaffirms that Catholic Church is no threat to sovereignty
- Chinese Culture and Technology Day held in Bulgaria
- Congo names third American in a foiled coup plot as mourners gather in Utah to remember plot leader
- Winners of the 2024 Olivier Awards celebrating work on the London stage
- Emma Bates, a top US contender in the Boston Marathon, will try to beat Kenyans and dodge potholes
- Corbin Burnes labors through 5 innings against his former team, but keeps Orioles close vs. Brewers
- Midwest storms: Large hail, torrential rain and tornadoes and more is coming
- Encarnacion
- Discover beauty of black pottery in SW China's Yunnan
- InPics: People celebrate Laba Festival in Beijing
- Midwest storms: Large hail, torrential rain and tornadoes and more is coming
- US judge tosses out lawsuits against Libyan commander accused of war crimes
Random recommendation
- Copyright © 2024 Powered by Nvidia to buy Israeli AI company for estimated $700M ,International Identities news portal sitemap