Deals
Nvidia Agrees to Acquire Israeli AI Software Provider Run:ai
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Nvidia Corp. 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. It didn’t disclose the terms of the deal, but Israeli newspaper Calcalist pegged the value of the transaction at $700 million.