Silicon Republic January 2, 2025
The European Commission has found that Nvidia’s acquisition of the company will not raise competition concerns in the European Economic Area.
US multinational chip manufacturing company Nvidia has finalised its acquisition of Israeli software company Run:ai and will make its software open source, following the culmination of an investigation launched by the European Commission.
Nvidia agreed to acquire Run.ai in April of last year for a reported $700m, with the move made official in late December. The company was the subject of an investigation by the European Commission regarding risks around market competitiveness. Instigated by the Italian competition watchdog, the complaint suggested that the acquisition of Run:ai by the chipmaker giant could negatively impact Italy and the wider European...
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