Categories: Finance and Commerce

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

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.

“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.

Regulators on both sides of the Atlantic have recently stepped up their scrutiny of tech giants’ acquisitions of startups on concerns that such deals may shut down potential rivals.

Its probe into the deal focused on practices that could strengthen Nvidia’s control over the market for graphics processing units (GPUs), which are the sought-after chips often employed in AI-linked tasks.

Run:ai plans to make its software open-source, it said in a blog post.

source

Greg Smith

Share
Published by
Greg Smith

Recent Posts

Cash Isa battle sees Trading 212 hike best rate TWICE in one week – how to bag 5.1%

Trailing Trading 212*, Plum* and Moneybox are Monument Bank and Mansfield Building Society which are…

3 weeks ago

Will Howard’s girlfriend in tears after QB’s game-sealing pass in Ohio State’s national championship win

Howard proved to be clutch down the stretch and led the Buckeyes to their first…

3 weeks ago

Saving lives and limbs on the high seas: The extraordinary world of early modern ship’s surgeons

Psychological distress The challenges and risks of life at sea were not just physical but…

3 weeks ago

Walmart facing backlash over DEI policy reversal as shareholders, Dem officials urge them to reconsider

McDonald’s, Amazon, Meta and American Airlines have also since announced a change to their DEI…

3 weeks ago

The long road ahead to rebuild life in Gaza

What about the economy?The conflict has also had a "devastating impact" on Gaza's economy, said…

3 weeks ago

Mike McCarthy latest after Dallas Cowboys exit as NFL team ‘rolls out red carpet’ for Super Bowl champion coach

The Bears have so far confirmed that they have interviewed 17 candidates to be their…

3 weeks ago