EU Grants Unconditional Approval for Nvidia's Acquisition of Israeli Startup Run:ai, No Competition Concerns Raised

Dec 20, 2024, 11:03 AM

The European Commission has granted unconditional approval for Nvidia Corporation to acquire Israeli startup Run:ai, which specializes in software for managing artificial intelligence computing resources. The Commission concluded that the acquisition would not raise any competition concerns in the European Economic Area (EEA) or in Italy, thereby clearing the transaction. This decision underscores Nvidia's ongoing efforts to enhance its capabilities in the AI sector through strategic acquisitions.