Nvidia agrees to acquire Israeli AI software provider Run:ai
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
NVIDIA has agreed to acquire Israeli startup Run:ai, which develops software for handling artificial intelligence computing resources.
Run:ai has been a close collaborator with Nvidia since 2020, the Santa Clara, California-based chipmaker said in a statement on Wednesday (Apr 24). It did not disclose the terms of the deal but Israeli newspaper Calcalist pegged the value of the transaction at US$700 million.
Nvidia employs more than 20,000 workers worldwide and about 3,200 workers in Israel, according to Calcalist. Israel is Nvidia’s second-most important market, according to the paper, and it has done several other deals in the country.
Run:ai was founded in 2018 by Omri Geller and Ronen Dar. Nvidia’s last major deal in Israel was the US$7 billion acquisition of Mellanox Technologies in 2020. BLOOMBERG
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
