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Key Takeaways
- Nvidia expanded its reach into the artificial intelligence market Wednesday by purchasing software provider Run:ai.
- Run:ai uses a platform on the Kubernetes open-source system, offering customers workload management and orchestration software.
- Financial terms of the acquisition were not disclosed.
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 March 8.