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.
Nigella Lawson, 64, reveals she would 'never take Ozempic' as a weight
Benefit sanctions to ramp up with 'work check
Drug overdoses reach another record in 2022, CDC says
New study finds no brain injuries among 'Havana syndrome' patients
Culture festival showcases integration
A new declaration in Mexico gives 19 cats roaming the presidential palace food and care fur
Lego head mugshots add to California's debate on policing and privacy
J&J to pump another $13B into its MedTech business with Shockwave deal
Abbey Clancy, 38, shows off a new set of train track braces as she's left red
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
What a blast to work at NASA. Space agency is sky
Airplane passenger fined in Sydney for urinating in a cup