NVIDIA (NVDA.O) formally opened a new R&D center in Beersheba,
Israel, completing its relocation in the city. The center in the Gav Yam
(Bayside) tech park covers about 3,000 sq m—three times the size of the previous
facility—and contains several hundred workstations. Sources said the building
investment ran into several tens of millions of shekels, the lease is 10 years
and annual rent is about 2.5 million shekels. The site currently houses more
than 150 employees, with plans to hire several hundred more over the coming
years. Teams at the center are developing hardware and software for AI
infrastructure to connect thousands of chips and processors for high-speed data
transfer and to operate data centers used to train and run AI models.
