Nvidia’s $700M Run:ai Acquisition Cleared by EU, Eyes AI Future
The EU approves Nvidia’s $700 million acquisition of Run:ai, free of monopoly risks.
The European Commission has given Nvidia permission to buy Israeli GPU startup Run:ai for $700 million, saying that the deal does not pose any control risks. The government agency decided that there are enough competitive options in the GPU market to keep things fair.
The EU investigation evaluated if the deal would provide Nvidia with too much dominance over GPUs, which are important in artificial intelligence and computing. Localized outcomes showed that the acquisition will not negatively affect competition within the global market through the expansion of Nvidia’s AI hardware.
The deal is still up in the air as they await approval from the United States Department of Justice. It also revealed that if the merger is approved, it would signal a wave of consolidation among AI startups at the industry level.
Omri Geller and Ronen Dar, two experts from Tel Aviv, started Run:ai in 2018 to make advanced AI chips. Their advances in deep learning and machine learning have led to major steps forward in AI infrastructure and high-performance computers.
This business move fits with Nvidia’s goal to be the leader in AI hardware, paving the way for the company to continue to power the AI change.
