Nvidia is now acquiring its long-time partner, Run:ai, a Tel Aviv-based GPU orchestration software provider. People familiar with the deal said that the two tech firms were already in advanced negotiations.
How much is this acquisition? Why is acquiring Run:ai a big deal for Nvidia? Here are the major details you need to know.
Nvidia Acquiring a Close partner Run:ai!
According to TechCrunch's latest report, Nvidia hasn't confirmed the price for this acquisition. Some sources claimed that the GPU manufacturer could pay up to $1 billion just to acquire Run:ai.
However, an individual familiar with the matter said that the exact price for the Run:ai acquisition is $700 million. Via its official website, Nvidia also confirmed the planned acquisition.
The American tech firm said on Apr. 24, Wednesday, that it is acquiring Run:ai to help consumers use their AI computing resources more efficiently.
Why Nvidia Wants To Acquire Run:ai
Nvidia explained that customer AI deployments are getting more and more complicated. Because of this, sophisticated scheduling is needed to manage and orchestrate generative AI, search engines, recommended systems, and other workloads.
If Nvidia can have sophisticated scheduling, it can optimize performance on the underlying infrastructure and at the system level. This is where Run: AI comes in.
Nvidia explained that Run:ai allows enterprise clients to optimize and manage their computing infrastructure effectively. The tech firm can help them do this on-premises, in hybrid environments, and in the cloud. These are just some of the reasons why the acquisition is a big deal for Nvidia.
"Run:ai has been a close collaborator with NVIDIA since 2020 and we share a passion for helping our customers make the most of their infrastructure," said Run:ai CEO Omri Geller.
"We're thrilled to join NVIDIA and look forward to continuing our journey together," he added.
Join the Conversation