Nvidia Completes $700M Acquisition of Israeli AI Startup Run:ai, Gains EU Approval

Dec 30, 2024, 03:18 PM

Nvidia Corp. has completed its $700 million acquisition of Run:ai, an Israeli startup specializing in AI infrastructure management, following regulatory approval from the European Commission. The acquisition, which faced scrutiny over potential antitrust issues, aims to bolster Nvidia's dominance in the AI market. Run:ai's software, which helps companies manage and optimize GPU resources for AI workloads, will be open-sourced, extending its availability beyond Nvidia's GPUs to the broader AI ecosystem. This move is seen as a strategic effort to address competition concerns and foster wider collaboration in AI development.