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. |
Xi Stresses Advancing HighBook on Xi's Discourses on Management of Water Resources PublishedXi: The Strait cannot sever kinshipChina wins artistic swimming team technical at FINA WorldsXiplomacy: China, Algeria Mark Anniversary of Ties with Eyes on Stronger PartnershipSanya optimizes processes of nucleic acid testing amid latest COVIDHealthy competition in bilateral ties stressedChina aid welcomed by developing worldXi holds talks with Surinamese presidentSilk Road int'l expo pushes for deeper Belt and Road cooperation