Nvidia, a publicly traded company to acquire AI infrastructure orchestration and management platform Run:ai. An orchestration and virtualization software layer specifically designed to meet the requirements of AI workloads operating on GPUs and related chipsets has been developed by the Israeli startup, which was established in 2018. as per reported by www.calcalistech.com
The projected value of the transaction is in the hundreds of millions of dollars, and it may even be around $1 billion.
CEO Omri Geller and CTO Dr. Ronen Dar established Run:ai in 2018. At Tel Aviv University’s Faculty of Electrical Engineering, the two crossed paths while pursuing their education. After Anobit Technologies was acquired by Apple, Dar worked as an algorithm engineer and researcher at Apple. Geller was employed at the PM’s Office Technological Unit prior to starting Run:ai.
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An orchestration and virtualization software layer designed specifically for AI workloads running on GPUs and related chipsets is called Run:ai. Run:ai’s Kubernetes-based container platform for AI clouds effectively pools and shares GPUs by allocating the required amount of processing power, which can range from a few GPUs to several GPUs and even numerous GPU nodes.
The world’s third-most valuable firm, Nvidia, will launch its annual GTC conference on Monday. Over the past year, investors have become enamored with the semiconductor maker, whose processors power popular artificial intelligence applications like ChatGPT.
In just nine months, Nvidia’s valuation has risen from $1 trillion to over $2 trillion thanks to an AI-driven, mind-blowing spike in the company’s shares, surpassing that of Saudi Aramco, Amazon.com, and Google parent Alphabet.
It is now estimated that Nvidia is worth $2.2 trillion on the market. Despite having more than 5% of the weight on the benchmark S&P 500 index, Nvidia’s shares, which account for 80% of the market for high-end AI chips, have continued to grow, helping to drive Wall Street to new highs this year.
ABOUT NVIDIA
NVDA, a publicly traded company, has led the way in accelerated computing since its creation in 1993. The GPU was created in 1999 by the corporation, and it revolutionized computer graphics, launched the contemporary era of artificial intelligence, and fueled the development of the metaverse. It also spurred the rise of the PC gaming sector. Currently producing products at the data center scale, NVIDIA is a full-stack computing business that is revolutionizing the market.
ABOUT Run:ai
Run:ai works with businesses to rapidly implement AI initiatives while managing costs. It does this by virtualizing costly hardware resources so that resources may be shared, pooled, and allocated effectively.
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