Published in AI

Nvidia's blockbuster buyout bash

by on18 March 2024


Run:ai's a prize in a €1 billion tech tussle

The dark satanic rumour mill has manufactured a hell-on-earth yarn claiming that tech titan Nvidia is eyeing Israeli whizz-kid Run: AI as a buyout for a cool €1 billion.

Run: AI is the brainchild of some Tel Aviv tech wizards, Omri Geller and Dr. Ronen Dar, who've cooked up a nifty bit of AI kit that's got Nvidia's chequebook twitching. Since 2018, the company has been on a mission to make AI's brainpower hum like a dream on GPUs, and it looks like Nvidia wants in.

Run:ai has developed an orchestration and virtualisation software layer tailored to the unique needs of AI workloads running on GPUs and similar chipsets. Run: AI’s Kubernetes-based container platform for AI clouds efficiently pools and shares GPUs by automatically assigning the necessary amount of computing power – from fractions of GPUs to multiple GPUs to multiple nodes of GPUs.

Geller told Calcalist : “We are the leading company in our sector and it is important to us to establish ourselves as a big company that is building the AI operating system. We have been selling our product for only a year and a half, and we already have millions of dollars in revenue.”

Run:ai already bagged €63 million in their last cash call, with the big dogs at Tiger Global Management and Insight Partners leading the pack. They've raked in a tidy €99 million to fuel their tech fire.

Word on the street is that if Nvidia seals the deal, it'll be their first Israeli scoop since they bagged Mellanox for €5.8 billion in 2019.

In less than a year, Nvidia's value has doubled from €840 billion to a mind-blowing €1.68 trillion, leaving tech giants like Amazon and Google eating their dust.

With Nvidia's stock rocketing to the stratosphere, they're now the heavyweight champ of Wall Street, tipping the scales with a hefty five per cent of the S&P 500 index.

 

Last modified on 18 March 2024
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