Nvidia Completes Run:ai Buyout: Details

Anusuya Lahiri

December 30, 2024

Nvidia Corp (NASDAQ:NVDA) completed acquiring Israeli startup Run:ai, marking its most significant in Israel since its $6.9 billion Mellanox Technologies deal in 2020.

The startup pledged to help customers maximize their AI infrastructure by providing flexible, efficient, and highly utilized GPU systems. These solutions will be available across various platforms, including on-premises setups, cloud-based native solutions, and Nvidia DGX Cloud, which was co-developed with leading cloud service providers.

Also Read: Xiaomi Expands EV Charging Options, Partners with NIO, XPeng, and Li Auto for Greater Network Access

Aligned with its open-platform philosophy, Run:ai, now part of Nvidia, will continue empowering AI teams to select the tools, platforms, and frameworks that best meet their needs. It plans to strengthen partnerships and collaborate with the ecosystem to deliver diverse AI solutions and platform options.

Additionally, the startup intends to open-source its Run:ai software, enabling the broader AI community to accelerate innovation. While supporting only Nvidia GPUs, the open-source initiative aims to expand compatibility across the entire AI ecosystem.

In April, Nvidia shared plans to acquire Run:ai, reportedly for around $600 million – $700 million, and integrate it into its operations in Israel, which employed ~4,000 people across seven R&D centers.

However, the deal drew regulatory scrutiny from the European Commission over possible anticompetitive concerns.

Nvidia stock surged over 190% year-to-date. The company is eying robotics as its next growth catalyst and plans to launch Jetson Thor computers for humanoid robots in 2025. Tesla Inc plans to start limited production of its humanoid robot, Optimus, by late 2025, aiming for broader commercial availability in 2026. Nvidia supplies essential technology components to power Tesla’s robotics efforts.

Investors can gain exposure to Nvidia through VanEck Semiconductor ETF (NASDAQ:SMH) and Fidelity MSCI Information Technology Index ETF (NYSE:FTEC).

Price Actions: NVDA stock is up 1.8% at $139.48 at the last check Monday.

Also Read:

Meta Settles Israeli Job Ad Discrimination Case For $1 Million: Report

Image via Shutterstock.

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