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.
Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
NPC Deputy from Hunan Province Dedicated to Improving People's Livelihood at Grassroots Level
Wondrous Xinjiang: Chinese Folk Embroiderers Learn from, Inspire Each Other
China's gigantic telescope provides nearly 900 observation hours to foreign researchers
Not so Cool Britannia! Noel Gallagher gives damning verdict on Keir Starmer
China expects 17.5 mln rail passenger trips on first day of Qingming Festival holiday
Thriving Home Services Empower Women
Taiwan Doctor Participates in Nucleic Acid Testing in Tianjin
Election 2024: Biden and Trump bypassed the Commission on Presidential Debates
Dedicated Shopkeeper Goes Extra Mile