Euro
Arrow
55,7029
Dollar
Arrow
49,5723
Sterling
Arrow
66,2887
Gold
Arrow
6614,0544
BIST 100
Arrow
11.797
Home > Economy News > US chip company Nvidia to acquire Israeli firm Run:ai

US chip company Nvidia to acquire Israeli firm Run:ai

US chip company Nvidia has announced that it will acquire the Israeli startup Run:ai.

X Facebook WhatsApp Mail SUBSCRIBE Google News
Published: 25.04.2024 12:53 Updated: 25.04.2024 12:53
US chip company Nvidia to acquire Israeli firm Run:ai

In a blog post shared by Nvidia, it was announced that an agreement has been reached to acquire the software provider Run:ai in order to help customers use artificial intelligence computing resources more efficiently.

Pointing out that managing and orchestrating generative AI, recommendation systems, search engines, and other workloads requires complex scheduling, the post noted that the Israeli company Run:ai allows enterprise customers to manage and optimize their computing infrastructure on-premises, in the cloud, or in hybrid environments.

Although no financial details regarding the agreement signed with Run:ai were shared in the post, reports in US media stated that the value of the acquisition is approximately 700 million dollars.


News Source: AA

Tags

Generative artificial intelligence artificial intelligence Nvidia