Nvidia to buy Israeli AI company for estimated $700M
Release time：2024-05-21 13:32:00 Source：Global Gazetteer 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：Biden says Brown v. Board of Education ruling was about more than education
- Next：Company wins court ruling to continue development of Michigan factory serving EV industry
Related articles
- College baseball notebook: Conference tournaments to decide NCAA automatic bids and many at
- Uygur Woman Shows Charm of Xinjiang Through Fabulous Dance
- Entrepreneur Helps Rural Women Shake off Poverty in Northwest China
- Using Fingertips to Create Happiness
- The unstoppable duo of Emma Stone and Yorgos Lanthimos
- Entrepreneur Helps Rural Women Shake off Poverty in Northwest China
- Pianist with a Poet's Soul
- HKSAR chief executive congratulates athletes of Hong Kong, China for Asiad achievements
- Children are evacuated from school 'during an exam' after threat made via email
- Lin Lin: Advocating Good Family Traditions, Healthy Social Practices
- Ricky Stenhouse punching Kyle Busch could lead to suspension
- Chinese Dulcimer Virtuoso Helps World Understand China Through Music
- Bringing History of Women Red Army Soldiers to Life
- Film on Heroine Set to Be Released
- Storms damage homes in Oklahoma and Kansas. But in Houston, most power is restored
- Top diplomats meet in Paris to mobilize aid for Sudan, wrecked by war and on the brink of famine
- Pluck and Moxie! Trailblazer Dedicated to Saving Lives During Emergencies
- Artist Inherits, Promotes Kunqu Opera
- Sweden beats France, Britain relegated after losing to Norway at hockey worlds
- Chinese Woman Reaches Peak of Neuroscience Research
Random recommendation
- Copyright © 2024 Powered by Nvidia to buy Israeli AI company for estimated $700M ,Global Gazetteer news portal sitemap