Nvidia acquires second Israeli AI company in Deci, reports

Applications of AI


US-based technology news outlet The Information reported on Thursday that Nvidia is on track to complete another major acquisition of an Israeli software company in the artificial intelligence field. According to reports, the semiconductor giant is in talks to acquire Israeli startup Deci. The acquisition price was not disclosed, but it is estimated to be lower than what NVIDIA paid for the acquisition. Ran: Aiwas valued at approximately $700 million.

Deci was founded in late 2019 by Dr. Yonatan Geifman, Professor Ran El Yaniv, an artificial intelligence expert at Israel's Technion, and Jonathan Arial. The company has developed an AI-based platform that enables developers and data scientists to improve the accuracy and processing speed of the algorithms that power AI applications.

The company currently employs dozens of people and has raised approximately $55 million in funding from investors including Insight Partners, Jibe Ventures, Emerge, Square Peg, Fort Ross Ventures, and ICON. Masu.

The company has developed an AI-based platform that enables developers and data scientists to improve the accuracy and processing speed of the algorithms that power AI applications. There is a growing gap between increasingly large and complex artificial intelligence algorithms and the computational power required to run these algorithms efficiently and economically.

The company's solutions bridge this gap by automatically optimizing the underlying algorithms of artificial intelligence applications, thereby making powerful AI technology available to edge devices and economically viable. the company claims.

on wednesday, Nvidia announces acquisition Israeli artificial intelligence company Run:ai. The companies have not disclosed the purchase price, but it is estimated to be around $700 million.

An Israeli company has built an operating system for a new artificial intelligence processor based on advanced virtualization technology. The company's Atlas platform aggregates all of an organization's computing resources and dynamically and automatically allocates resources to all tasks running in parallel, according to the organization's needs and priorities.

Run:ai's customers include Fortune 500 companies and startups that use artificial intelligence in a variety of sectors, including finance, automotive, health, and leading academic institutions.

The investment funds will be used to expand the company's research and development center in Tel Aviv and hire developers, engineers, artificial intelligence experts, product managers and marketers.





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