Nvidia announced plans to acquire Israeli AI startup Run:ai on Wednesday.. Nvidia has not disclosed the terms of the upcoming deal, but Israeli newspaper Calcalist reported that the chipmaker is not disclosing the terms of the upcoming deal. Purchased Run:ai for $700 million. In the next few days. “
Run:ai is essentially a software company that helps developers run AI applications more efficiently. Founded in 2018, it now partners with top technology companies such as Microsoft and Amazon. Run:ai has been working with Nvidia for several years, and the acquisition will allow the AI chipmaker’s customers to simultaneously utilize the computing power of multiple GPUs (graphics processing units) for separate AI applications, the company said. said in the announcement.
“Run:ai has been working closely with NVIDIA since 2020, and we share a passion for helping our customers get the most out of their infrastructure,” said Run:ai co-founder and CEO. says Omri Geller. “We are excited to have him join NVIDIA and look forward to continuing our journey together.”
Nvidia is a leading supplier of graphics processing units to major technology companies such as Meta, Microsoft, and Google, powering AI applications from their data centers. Nvidia’s acquisition of Run:ai will be one of the largest acquisitions since NVIDIA’s Run:ai. Acquired another Israeli-based company, Mellanox Technologies, for $7 billion in 2019. Nvidia’s customers have also acquired a number of AI startups over the past few years, with Apple leading the way.
Nvidia’s acquisition of Run:ai also marks the company’s growing presence in Israel, where it already has a presence. Approximately 4,000 employeesaccording to the Times of Israel.
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