Nvidia agrees to acquire Israeli AI software provider Run:ai

By Molly Schuetz | Bloomberg

Nvidia Corp. has agreed to acquire Israeli startup Run:ai, which develops software for handling artificial intelligence computing resources.

Run:ai has been a close collaborator with Nvidia since 2020, the Santa Clara, California-based chipmaker said in a statement on Wednesday. It didn’t disclose the terms of the deal, but Israeli newspaper Calcalist pegged the value of the transaction at $700 million.

Nvidia also has agreed to purchase another Israeli startup...