US Chip Giant Nvidia Snaps Up 2 Israeli AI Startups In Same Week

US chip giant Nvidia has purchased its second Israeli creator of artificial intelligence software within days, with the acquisition of Deci AI for an undisclosed sum. 

The Ramat Gan-based startup’s deep-learning platform allows companies to use AI to build AI. Its generative AI models include the DeciCoder, a code generator that can understand, summarize, generate and predict new written content.

Deci says that companies using its generative AI models can reduce their inference computing costs – or the ability of the AI to make predictions from novel data – by up to 80 percent, while also improving the quality of their product. 

The company, which was founded in 2019, has so far raised a reported $55 million in funding. 

Nvidia last week also purchased Run:ai, which has developed an AI-driven infrastructure automation and management platform, for a reported $700 million. The Deci deal is believed to be for a smaller sum.

The Run:ai platform allows a team to all access a centralized management system for a more efficient and stable development process. 

“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 co-founder and CEO Omri Geller. 

“We’re thrilled to join Nvidia and look forward to continuing our journey together,” he said.