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.
‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squad
'Tenants who have pets often stay'
US and UK navies repel largest Houthi attack on Red Sea shipping
Israel raids main Gaza hospital as Rafah concerns grow
I was 'brokefished' by my friend for £400
COP28 deal 'significant step forward', Climate Change Minister says
Ghahraman back in New Zealand amid shoplifting claims
Mining for local fertiliser better than buying 'blood phosphate'
Kristin Cavallari, 37, ignores critics of her age
In pictures: 2024 Rātana celebrations