VentureBeat April 24, 2024
AI cornerstone company Nvidia is continuing its strategic buying spree, announcing today its intent to purchase an Israeli startup that makes AI chips more efficient.
The chipmaker has entered into a “definitive agreement” to acquire Run:ai, a Kubernetes-based software provider that helps optimize AI apps and workloads on graphics processing units (GPUs).
While the sum is as yet undisclosed, a source close to the matter told TechCrunch it would be close to $700 million. Earlier discussion put that price tag at a heftier $1 billion.
The deal marks the latest in a series of tactical moves and investments...
Today's Sponsors
Today's Sponsor