PYMNTS.com December 20, 2024
The European Commission approved Nvidia’s proposed acquisition of Run:ai Thursday (Dec. 19), saying that it did so unconditionally and that the transaction would raise no competition concerns in the European Economic Area (EEA).
The case had been referred to the Commission in September by the Italian competition authority, which asked the Commission to determine whether the proposed acquisition would affect competition in the EEA, the Commission said in a Thursday press release.
Nvidia designs and supplies graphic processing units (GPUs) for data center applications, while Run:ai supplies GPU orchestration software that enables corporate clients to manage their AI compute infrastructure, according to the release.
The Commission determined that the proposed acquisition would not raise competition concerns because Nvidia cannot hamper...
Today's Sponsors
Today's Sponsor