Asia Tech Wire (Mar 18) -- U.S. chip giant Nvidia Corp (NVDA:NASDAQ) is in talks to buy Israeli artificial intelligence startup Run:ai, according to Israeli media outlet Globes.

Sunday's report cited people familiar with the matter as saying that Nvidia is in advanced talks to acquire Run:ai, an AI infrastructure orchestration and management platform.

The deal is estimated to be worth in the hundreds of millions of dollars, possibly even up to $1 billion.

Founded in 2018, Run:ai has developed an orchestration and virtualization software layer that specifically targets the unique needs of AI workloads running on GPUs and similar chipsets.

If the deal closes, it would be Nvidia's first acquisition in Israel since it bought Mellanox in March 2019 for $6.9 billion.