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.
Young Boys seals 6th Swiss soccer league title in 7 years after rallying from firing coach Wicky
Nick Viall, 43, and Natalie Joy, 25, get real about struggles getting intimate as new parents
Explainer: Why foreign leaders prefer other Chinese cities over Beijing as first stop of China trip?
Justin Verlander allows 2 runs over 6 innings in season debut for Astros in 5
OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
Musician T Bone Burnett is trading his dystopian sensibilities for some warm
Chinese carmaker FAW Group reports robust sales in Q1
Dozens of Palestinians killed, injured in Israeli attack in Gaza City
Liverpool confirms Arne Slot as Jurgen Klopp's replacement
Jersey Shore: Family Vacation: Sammi 'Sweetheart' Giancola and ex
US overdose deaths dropped in 2023, the first time since 2018
Verstappen takes pole for Chinese GP to extend F1 dominance. Hamilton 18th