1 week, 2 days ago
Nvidia closes $700 million Run:ai acquisition after regulatory hurdles
Deccan ChronicleChipmaker Nvidia has completed its acquisition of Israeli AI firm Run:ai, the startup said on Monday, following antitrust scrutiny over the buyout. The European Commission granted unconditional approval to Nvidia's $700 million bid for Run:ai, which helps developers optimize infrastructure for AI, earlier in December after saying in October that the deal would require EU antitrust clearance. However, the European Commission concluded earlier in December that Run:ai's acquisition, originally announced in April, would not raise competition concerns. "While Run:ai currently supports only Nvidia GPUs, open sourcing the software will enable it to extend its availability to the entire AI ecosystem," it said.
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