Nvidia closes $700 million Run:ai acquisition after regulatory hurdles

[ad_1] (Reuters) - Chipmaker Nvidia has accomplished its acquisition of Israeli AI agency Run:ai, the startup mentioned on Monday, following antitrust scrutiny over the buyout.

The European Fee granted unconditional approval to Nvidia's $700 million bid for Run:ai, which helps builders optimize infrastructure for AI, earlier in December after saying in October that the deal would require EU antitrust clearance.

The EU antitrust watchdog had warned that the deal threatened competitors within the markets the place the businesses function.

Its probe into the deal targeted on practices that might strengthen Nvidia's management over the marketplace for graphics processing models (GPUs), that are the sought-after chips usually employed in AI-linked duties.

Nvidia dominates the marketplace for AI graphics processors and instructions about 80% of its share.

Nonetheless, the European Fee concluded earlier in December that Run:ai's acquisition, initially introduced in April, wouldn't elevate competitors issues.

The U.S. Division of Justice can also be investigating the chip large's buyout of Run:ai on antitrust grounds, Politico had reported in August.

Regulators on either side of the Atlantic have lately stepped up their scrutiny of tech giants' acquisitions of startups on issues that such offers might shut down potential rivals.

Run:ai plans to make its software program open-source, it mentioned in a weblog submit.

"Whereas Run:ai at the moment helps solely Nvidia GPUs, open sourcing the software program will allow it to increase its availability to the complete AI ecosystem," it mentioned.

(Reporting by Arsheeya Bajwa in Bengaluru and Max Cherney in San Francisco; Modifying by Shreya Biswas)

[ad_2] Source link

Nvidia closes $700 million Run:ai acquisition after regulatory hurdles

2024: Year in Photos

Your Friendly Neighborhood Spider-Man’s Alternate Marvel Timeline Turns Heads In Flashy First Trailer

Related Posts

Jen Pawol makes MLB history has first female umpire, donates cap to Hall of Fame

‘Repressed’ lawyer, 51, quits high-flying career to create adult content: ‘Sexual awakening’

Emilie Kiser's husband allegedly placed a $25 NBA bet before 3-year-old son's fatal drowning, police say

Zelenskyy rejects ceding Ukrainian territory, says Kyiv must be part of negotiations

4 people and 5 months in space, NASA's Crew-10 mission safely returns to Earth

Student Loans Are About To Change Big Time: Suze Orman Explains The Impact Of The ‘Big Beautiful Bill’ For Borrowers

Your Friendly Neighborhood Spider-Man’s Alternate Marvel Timeline Turns Heads In Flashy First Trailer

A Ceremonial Start to Construction of the China-Kyrgyzstan-Uzbekistan Railway

ANAMA, UNDP organize joint event on mine action and eco-resilience at COP29 (PHOTO)

Deadspin | Noah Fifita tosses 2 TDs as Arizona beats Houston to end skid

Sweet Potato Beef Stew

Trump tariffs live updates: Stocks fall as Trump calls Fed chair 'loser' who should lower rates 'now'

Hello world!

Holiday Home – Julia Berolzheimer

Four Seasons Hotel NY reopens as city’s priciest stay

Everything You Need to Create a Paris Outfit: Fall Edition

Jen Pawol makes MLB history has first female umpire, donates cap to Hall of Fame

Rapper YNW Melly’s Murder Trial Pushed Back To 2027

John Cena decides between Ronaldo and Messi and names favourite Premier League team

‘Repressed’ lawyer, 51, quits high-flying career to create adult content: ‘Sexual awakening’

CATEGORIES

LATEST UPDATES

Welcome Back!

Create New Account!

Retrieve your password

Are you sure want to unlock this post?

Are you sure want to cancel subscription?

Nvidia closes $700 million Run:ai acquisition after regulatory hurdles

Support authors and subscribe to content

Subscribe

2024: Year in Photos

Your Friendly Neighborhood Spider-Man’s Alternate Marvel Timeline Turns Heads In Flashy First Trailer

Related Posts

CATEGORIES

LATEST UPDATES

Welcome Back!

Create New Account!

Retrieve your password

Are you sure want to unlock this post?

Are you sure want to cancel subscription?