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. |
Turkish security forces conduct joint operations against PKKRachel Brosnahan and Melissa McCarthy suit up for opening night of Broadway musical Suffs in NYCChinese researchers develop targeted nanomedicine for female Alzheimer's patientsChinese carmaker FAW Group reports robust sales in Q1Explainer: Why foreign leaders prefer other Chinese cities over Beijing as first stop of China trip?U.S. Supreme Court rules Trump can remain on Colorado primary ballotTaylor Swift's winning streak continues as she breaks record for most preTigers hand Twins seasonMrs Hinch gives her dog Henry a spa sessionMaine gun store owner adopts calf that was rejected by its mother and left alone in the woods