Nvidia to buy Israeli AI company for estimated $700M
Release time：2024-04-30 08:25:15 Source：Culture Channel 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：Spanish city of Barcelona celebrates day of books and love
- Next：Thai FM offers to resign after cabinet reshuffle
Related articles
- 7 Minnesotans accused in massive scheme to defraud pandemic food program to stand trial
- District Promotes Family Education
- China's Puyuan Ramps up Efforts to Develop Knitwear Industry
- 2024 China Internet Media Forum Opens in Yunnan Province
- Beijing improves services to facilitate film and television projects
- 2025 Asian Winter Games to Highlight Environmental Protection, Technology
- China's smartphone output surges in first two months
- China calls for intensified diplomatic efforts to end Ukraine crisis
- Emily Henry interview: The secret to having a healthy relationship with love
- Local Delicacy Spices up Tourism in Northwest China City
- Trial starts in conspiracy
- Redefining Weddings in the Age of Individuality
- District Requires Infringements on Women's Rights, Interests Be Reported
- Sydney attack victims include a mother who saved her baby, a Chinese grad student and an architect
- Spanish city of Barcelona celebrates day of books and love
- Serial Short Videos Released to Raise Awareness About Children's Charities
- S. Korea's opposition party overwhelmingly leads exit polls in parliamentary elections
- Travel Boom Sees 740 Mln Trips Made in 3
- 8th Aswan int'l women film festival opens in Egypt
- Book on People
Random recommendation
- Copyright © 2024 Powered by Nvidia to buy Israeli AI company for estimated $700M ,Culture Channel news portal sitemap