Nvidia: takeover of Israeli startup Run:ai made official
April 24, 2024 at 10:41 am EDT
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On Wednesday, Nvidia made official its acquisition of Israeli start-up Run:ai, with which the chipmaker had been collaborating since 2020.
In a press release, the American group states that it has reached an agreement to acquire the company, which specializes in compute orchestration for AI-related workloads, confirming rumors that had been circulating on the markets for several weeks.
Nvidia explains that the deal will enable it to offer its customers services to optimize their AI resources, which are today often scattered between cloud servers, edge networks and data centers.
Run:ai," he continues, "enables companies to manage their AI infrastructures through the planning of information filtering systems, search engines and other tasks.
According to Christopher Dembik, analyst at Pictet AM, the operation will enable Nvidia to add a new brick to its already essential AI architecture.
The aim, in his view, is to achieve with the acquisition of this AI platform 'accessible to all' what Microsoft achieved with Windows, not in the field of computing but in that of AI.
'If the acquisition goes through (...) the field of possibilities for Nvidia will be infinite', explains Christopher Dembik.
'The costs associated with the use of the cloud and AI are enormous for most companies. Thanks to such a platform, even the smallest companies will be able to have access to them', he adds.
The financial terms of the operation were not disclosed, but market sources were talking about a deal probably worth around a billion dollars.
Listed on the New York Stock Exchange, Nvidia shares gained 0.6% on Wednesday morning following this announcement.
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NVIDIA Corporation is the world leader in the design, development, and marketing of programmable graphics processors. The group also develops associated software. Net sales break down by family of products as follows:
- computing and networking solutions (55.9%): data center platforms and infrastructure, Ethernet interconnect solutions, high-performance computing solutions, platforms and solutions for autonomous and intelligent vehicles, solutions for enterprise artificial intelligence infrastructure, crypto-currency mining processors, embedded computer boards for robotics, teaching, learning and artificial intelligence development, etc.;
- graphics processors (44.1%): for PCs, game consoles, video game streaming platforms, workstations, etc. (GeForce, NVIDIA RTX, Quadro brands, etc.). The group also offers laptops, desktops, gaming computers, computer peripherals (monitors, mice, joysticks, remote controls, etc.), software for visual and virtual computing, platforms for automotive infotainment systems and cloud collaboration platforms.
Net sales break down by industry between data storage (55.6%), gaming (33.6%), professional visualization (5.7%), automotive (3.4%) and other (1.7%).
Net sales are distributed geographically as follows: the United States (30.7%), Taiwan (25.9%), China (21.5%) and other (21.9%).