PANews news on April 25, according to Tech In Asia, American chipmaker Nvidia said in a statement that the company will acquisition Israeli artificial intelligence startup Run:ai. While Nvidia did not disclose the value of the acquisition, Israeli media outlet Calcalist expected the figure to be around $700 million. Run: AI develops software to help businesses manage their computing needs more efficiently. It runs on Kubernetes, an Open Source system designed by Google that automates software deployment, scaling, and management.
In a statement, Nvidia cited "increasingly complex" customer AI deployments as the reasoning behind the deal. With this acquisition, the chipmaker aims to make it easier for customers to access and manage GPU solutions, expecting to see better GPU usage, improved GPU infrastructure management, and greater flexibility with open architecture systems.
Nvidia plans to keep Run:ai's current business model in place for the time being, with Run:ai employees joining the chipmaker's R&D center in Israel, which has about 3,000 employees. Run:ai's upcoming offerings will also be included in Nvidia's DGX Cloud, an AI platform that partners with top cloud providers to serve enterprise developers.