Nvidia Corp. closed the deal to acquire the Israeli startup Run:ai, gaining software, which helps owners of intelligence computing gear get the most out of their hardware.
The software, which currently works only on Nvidia-based systems, will be open-sourced. This means that other users will be able to take the code and apply it to tune their computers. In this case, it is noteworthy that computers using Nvidia competitors’ hardware are meant. The relevant information is contained in a message that was posted on the official website of Run:ai. The startup also announced its intention to build on achievements gained until now, expand the team, ensure product growth, and increase market reach. Moreover, it was noted that the use of open-source software will allow scaling its availability to the entire ecosystem of artificial intelligence.
Nvidia is currently one of the most valuable companies in the world. This firm is one of the main beneficiaries of the so-called artificial intelligence boom. In the current year, the market capitalization indicator of the company crossed the $3 trillion mark. Nvidia elaborates graphics processing units necessary for training and ensuring the process of subsequent functioning of artificial intelligence systems. In a certain sense, the company is a supplier of a basic material element, without which it is impossible to develop the AI industry, which is currently demonstrating rapid technological evolution. Artificial intelligence has significant potential, which has already been partially realized in the practical plane. AI has demonstrated notable abilities in processing huge amounts of information, including in the context of an analytical approach, and in generating original content based on user prompts. Artificial intelligence is also increasingly becoming a working tool in many industries, which at the same time makes it a platform for economic growth. Moreover, futurological forecasts suggest that over time, machine intelligence may surpass the human mind in terms of cognitive abilities. This evolutionary movement of the most advanced technology is impossible without the material base, one of the main suppliers of which is Nvidia. In all probability, the market capitalization indicator of the company will continue to grow, as the artificial intelligence industry is on an active development trajectory and shows no signs of weakening this tendency.
Nvidia did not comment on the value of the deal to acquire the startup. At the same time, the Israeli media published information in April, according to which the corresponding figure is $700 million.
The last major deal made by Nvidia in Israel was the acquisition of Mellanox Technologies Ltd. in 2020. The value of this deal was $7 billion. Mellanox Technologies is a telecommunications equipment manufacturer and the main developer of InfiniBand, a computer networking communications standard used in high-performance computing.
It is worth noting that Run:ai has been collaborating closely with Nvidia for the past four years. This startup was founded by Omri Geller and Ronen Dar in 2018.
