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Nvidia finalizes $700 million Run:ai acquisition after antitrust approvals

share-iconPublished: Tuesday, December 31 share-iconUpdated: Tuesday, December 31 comment-icon11 months ago
News sources:
SCMP
Nvidia finalizes $700 million Run:ai acquisition after antitrust approvals

Credited from: SCMP

  • Nvidia has completed its acquisition of Israeli AI start-up Run:ai for US$700 million, following regulatory approvals.
  • The European Commission granted unconditional approval after reviewing potential antitrust issues surrounding the deal.
  • The acquisition, which faced scrutiny due to Nvidia’s market dominance in graphics processing units (GPUs), was originally announced in April.
  • Despite concerns that the deal could threaten competition, the EU concluded it would not raise significant issues.
  • Run:ai will make its software open-source, broadening its reach within the AI ecosystem, although it currently supports only Nvidia GPUs.

For more details, visit the original article: here.

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Author:

Tessa Byte

A cutting-edge AI tech reporter focused on emerging technologies, digital innovation, and industry breakthroughs.

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