Nvidia to buy Israeli AI company for estimated $700M
Time:2024-05-21 08:58:50 Source:opinionsViews(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:Tom Brady and Jay
Next:Here comes the char
You may also like
- Candice Swanepoel stuns in a form
- Xinhua Headlines: 9 Years on, Economic Ties Closer Among Belt and Road Countries
- Volunteers Open Tent Classrooms for Children at Quake Relief Shelter in Sichuan
- China's First National Ultimate Frisbee League Kicks Off
- Trump accepts a VP debate but wants it on Fox News. Harris has already said yes to CBS
- China Launches Campaign to Improve People's Digital Skills
- China to Improve Sci
- College Entrance Exam Reforms Give Students More Choices
- Mohammad Mokhber: Who is Iran’s acting president?