Nvidia Buys Israeli Software Startup To Boost Its AI Offerings [Video]

Nvidia (NVDA) shares were slightly lower in intraday trading Wednesday after the chipmaker added to its reach into artificial intelligence (AI) by purchasing software provider Run:ai. Financial terms were not disclosed.

Run:ai is an Israeli startup that offers workload management and orchestration software, working off a platform on the Kubernetes open-source system. Nvidia explained that Run:ai allows “enterprise customers to manage and optimize their compute infrastructure, whether on premises, in the cloud or in hybrid environments.”

The company noted that Run:ai’s customers “include some of the world’s largest enterprises across multiple industries, which use the Run:ai platform to manage data-center-scale GPU clusters.”

Nvidia added that the acquisition will help its customers make more efficient use of their AI computing resources.

Shares of Nvidia were down 1% to $815.97 as of 1:25 p.m. ET Wednesday but have added almost two-thirds of their value this year. They had hit an all-time high of $974.00 on …