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. |
Pukaki crash: Malaysian authorities involved after two foreign students dieAlec Baldwin pleads not guilty to Rust shooting chargeChina celebrates 100 years of Communist PartyChile forest fires death toll jumps to 46, likely to keep risingPukaki crash: Malaysian authorities involved after two foreign students dieSmall bump in Covid vaccine uptake, but still well below 2021 peakGovernment thinks disabled 'add no value to society'On Your Side: Survey reveals many college students carry creditFascinating 'heat maps' reveal where in the world Brits think famous landmarks areHow to get around the great Easter flight rip