Israeli Company Run:ai bought by AI Chip Giant Nvidia

The American corporation Nvidia has completed its acquisition of the Jerusalem-based technology firm Run:ai. The transaction, valued at approximately $800 million (roughly 3 billion shekels), received the necessary governmental approvals after 8 months of delays.

Run:ai, established by two Israelis, has developed specialized systems that help organizations better utilize their computing resources in a more efficient manner.

The transaction will provide meaningful parnassah opportunities for more people living in Eretz Yisrael. Nvidia has been supportive of its workers in Eretz Yisrael since October 7th, unlike some other major corporations, and has since bought two Israeli companies, Run:ai and Deci. This acquisition is beneficial for the economy in E”Y as the war has been draining a lot of the country’s resources.

For those interested in the technical aspects: The technology in question helps organizations better manage their computing systems, particularly in the field of artificial intelligence, allowing for more efficient use of expensive equipment. This efficiency can help reduce costs for organizations, including our community’s institutions that increasingly rely on these technologies for their operations.