December 31, 2024 – Chip giant NVIDIA has recently finalized the acquisition of Israeli AI startup Run:ai, following antitrust scrutiny of the deal.
The European Commission granted unconditional approval for NVIDIA’s $700 million acquisition plan earlier this month. In October, the EU had flagged the transaction for antitrust review, with regulatory bodies cautioning that it could potentially undermine competition in the markets where both parties operate.
NVIDIA currently holds a dominant position in the AI graphics processing unit (GPU) market, with a market share of up to 80%. However, the European Commission stated earlier this month that the acquisition, which was initially announced in April, would not raise any competitive concerns.
In a blog post, Run:ai revealed plans to open source its software. “While Run:ai currently only supports NVIDIA GPUs, open sourcing the software will help expand its application scope to the entire AI ecosystem,” the company stated. This move is expected to enhance the accessibility and adaptability of Run:ai’s technology, potentially driving broader innovation in the field of artificial intelligence.
