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Nvidia, the chipmaker, announced on 30 December that it has finalised its $700 million acquisition of Run ai, Israeli AI startup. The deal, initially revealed in April, faced intense regulatory scrutiny but ultimately received unconditional approval from the European Commission in December, according to a recent report by Reuters. The European Commission, which had flagged potential competition concerns in October, launched a detailed investigation into the acquisition.
Regulators focused on whether the deal would bolster Nvidia's dominance in the graphics processing unit (GPU) market, where the company already commands an estimated 80% market share. After its review, the Commission concluded that the acquisition would not impede competition, granting its approval earlier this month. Meanwhile, the U.
S. Department of Justice has also been investigating the acquisition on antitrust grounds. The scrutiny aligns with increased global regulatory efforts to examine tech giants' acquisitions of startups, amid concerns that such deals could stifle innovation and eliminate potential competitors.
Run:ai, known for its software that optimises AI infrastructure, has indicated plans to open-source its technology. In a blog post, the company stated that while its software currently supports only Nvidia GPUs, open-sourcing it would expand its compatibility to the broader AI ecosystem. Nvidia, the chipmaker, announced on 30 December that it has finalised its $700 million acquisition of Run ai, Israeli AI startup.
The deal, initially revealed in April, faced intense regulatory scrutiny but ultimately received unconditional approval from the European Commission in December, according to a recent report by Reuters. The European Commission, which had flagged potential competition concerns in October, launched a detailed investigation into the acquisition. Regulators focused on whether the deal would bolster Nvidia's dominance in the graphics processing unit (GPU) market, where the company already commands an estimated 80% market share.
After its review, the Commission concluded that the acquisition would not impede competition, granting its approval earlier this month. Meanwhile, the U.S.
Department of Justice has also been investigating the acquisition on antitrust grounds. The scrutiny aligns with increased global regulatory efforts to examine tech giants' acquisitions of startups, amid concerns that such deals could stifle innovation and eliminate potential competitors. Run:ai, known for its software that optimises AI infrastructure, has indicated plans to open-source its technology.
In a blog post, the company stated that while its software currently supports only Nvidia GPUs, open-sourcing it would expand its compatibility to the broader AI ecosystem..
