AI orchestration platform Run:ai Founders L-R CEO Omri Geller and CTO Ronen Dar
The acquisition of Israeli startup Run:ai by Nvidia, a chip maker best known for its video/graphics cards, may be in trouble. According to a report in Politico, the U.S. Justice Department is investigating the acquisition of the Run:ai by semiconductor company Nvidia on “antitrust grounds.” Politico cited five different anonymous sources it said had “direct knowledge of the matter” in its story.
“Nvidia wins on merit, as reflected in our benchmark results and value to customers. We compete based on decades of investment and innovation, scrupulously adhering to all laws, making Nvidia openly available in every cloud and on-prem for every enterprise, and ensuring that customers can choose whatever solution is best for them,” Nvidia spokesperson Mylene Mangalindan said in response to the news. “We’ll continue to support aspiring innovators in every industry and market and are happy to provide any information regulators need.”
In April, Jewish Business News reported on Nvidia’s plans to acquire two Israeli startups: Run:ai and Deci AI. And yes, as their names imply they both deal with artificial intelligence. Run:ai was already bought out for an undisclosed amount, but Israel’s Calcalist reported that the deal could be for as much as $700 million and that a deal to acquire Deci AI was close at hand.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
Founded in 2018 by CEO Omri Geller and CTO Dr. Ronen Dar who met as students in engineering at Tel Aviv University while working on their Master’s and PhD Degrees, respectively, Run:ai helps companies execute on their AI initiatives “quickly, while keeping budgets under control, virtualizing expensive hardware resources in order to pool, share and allocate your resources efficiently.”
By “efficiently managing” GPU resources, Run:ai says it helps organizations maximize the performance of their AI models. The firm also provides tools to manage and schedule AI jobs across different hardware and cloud environments. Run:ai enables faster experimentation and iteration by streamlining the AI development process.
Run:ai is primarily aimed at organizations that heavily rely on AI and machine learning, such as tech companies, research institutions, financial institutions, healthcare providers and more.
NVIDIA is a global technology powerhouse specializing in accelerated computing. Originally renowned for its groundbreaking graphics processing units (GPUs), the company has evolved into a dominant force in artificial intelligence (AI), high-performance computing (HPC), and autonomous vehicles.
