Get the latest tech news
Nvidia clears regulatory hurdle to acquire Run:ai
Nvidia is estimated to be paying $700 million for the Israeli AI company. The acquisition was originally announced in April.
The EU came to a unanimous decision today that Nvidia could go ahead with its acquisition of Israeli GPU orchestration platform Run:ai, according to reporting from Bloomberg. The European Commission determined that if the merger went through other hardware options compatible with Nvidia would still be available on the market and thus this company combination would not create a monopoly. While the deal terms weren’t disclosed, the purchase price is estimated to be around $700 million, according to Bloomberg’s reporting that cites local Israeli media.
Or read this on TechCrunch
