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.
What to expect in the California 20th District special election
Feature: 69 years on, the Bandung Spirit remains alive in the Global South
Farmers reduce methane emissions by changing how they grow rice in Vietnam
Fish farm develops into tourist hotspot in exploration of modern aquaculture
How major US stock indexes fared Monday, 5/20/2024
Haiti health system nears collapse as medicine dwindles, gangs attack hospitals and ports stay shut
Haiti health system nears collapse as medicine dwindles, gangs attack hospitals and ports stay shut
Brewers' Jakob Junis hit in neck by line drive in batting practice, taken to hospital
Russia begins nuclear drills in an apparent warning to West over Ukraine
Denver Broncos introduce new uniforms for first time since 1997
Vatican makes fresh overture to China, reaffirms that Catholic Church is no threat to sovereignty
MLB players' union asks court to confirm arbitration decision against Bad Bunny firm