EU Approves Nvidia's $700 Million Acquisition of Run:ai, Awaiting U.S. Approval

Dec 22, 2024, 07:58 PM

The European Union has approved Nvidia Corp.'s acquisition of Israeli AI firm Run:ai for $700 million. The European Commission determined that the acquisition would not create a monopoly, as alternative hardware options compatible with Nvidia remain available in the market. This approval marks a significant step for Nvidia in expanding its presence in the AI sector, enhancing its dominant role in advanced technology. However, the acquisition still awaits approval from the U.S. Department of Justice, which has yet to issue a verdict.