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Nvidia acquires AI workload management startup Run:ai for $700M, sources say
Nvidia has acquired Run:ai, the AI workload management startup, for an undisclosed sum.
Ctech reported earlier this morning the companies were in “advanced negotiations” that could see Nvidia pay upwards of $1 billion for Run:ai. The trio sought to build a platform that could “break up” AI models into fragments that run in parallel across hardware, whether on-premises, on clouds or at the edge. But relatively early in its life, Run:AI managed to establish a large customer base of Fortune 500 companies — which in turn attracted VC investment.
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