Nvidia to buy Israeli AI company for estimated $700M
Release time：2024-05-21 07:06:06 Source：Culture Compass 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：OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
- Next：NBA playoffs: Edwards leads Wolves to 98
Related articles
- The unstoppable duo of Emma Stone and Yorgos Lanthimos
- What Chinese modernization means for multinationals eyeing new opportunities in China?
- 2.8m cars built across country as sales peak
- (BRF2023) Xi Meets Kazakh President
- Kevin Pillar gets 1,000th career hit in Angels' win at Texas
- WMC to exhibit Anhui's manufacturing prowess
- The ABCs of new quality productive forces
- China's benchmark interbank gold prices higher Tuesday
- Student fatally shot, suspect detained at Georgia's Kennesaw State University
- China's mega water diversion project benefits over 150 mln people
- Amtrak train hits pickup truck in upstate New York, 3 dead including child
- Apple reportedly cancels EV project, to focus more on AI
- Chinese firms to take center stage at MWC 2024
- China launches new remote sensing satellite
- Children are evacuated from school 'during an exam' after threat made via email
- China's space telescopes precisely measure brightest gamma
- (BRF2023) Xi to Address Opening Ceremony of 3rd Belt and Road Forum for Int'l Cooperation
- China Energy's massive hydropower station to open in March 2024
- Analysis: Larson enters conversation with Verstappen as best drivers in the world
- World's largest metamorphic rock oilfield found in China's Bohai Sea
Random recommendation
- Copyright © 2024 Powered by Nvidia to buy Israeli AI company for estimated $700M ,Culture Compass news portal sitemap