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Nvidia-Run:ai deal to be reviewed under EU’s merger rules

The European Union has tossed a spanner in the works of chipmaker Nvidia's proposed acquisition of Tel Aviv-based AI workload management startup Run:ai.

However EU law allows a national regulator to notify a transaction to the Commission if it believes it poses serious risks for competition locally and which could affect trade within the bloc’s Single Market. “In particular, the transaction threatens to significantly affect competition in the markets where NVIDIA and Run:ai are active, which are likely to be at least European Economic Area-wide and therefore include the referring country Italy,” the EU wrote. The Commission has now asked Nvidia to notify the transaction — a formal step which means the chipmaker must prepare documentation to inform the bloc’s competition enforcers of the details of the proposed merger in order that they can assess impacts.

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