Nvidia removes regulatory hurdle to acquire Run:ai

Chip company Nvidia has received the green light from the European Union to complete its acquisition of Run:ai.

The European Union reached a unanimous decision today that Nvidia can proceed with its acquisition of Israeli GPU orchestration platform Run:ai, according to Reports from Bloomberg. The European Commission decided that if the merger went through other Nvidia compatible hardware options would still be available on the market and thus this company merger would not create a monopoly.

Despite the European Union’s approval, the deal still stands Held by the Ministry of Justice In the US it is not clear when/if it will be approved.

However, this is likely welcome news for other AI startups with acquisition and acquisition aspirations, as it shows that consolidation is welcome in the AI ​​market – at least for now.

While terms of the deal were not disclosed, the purchase price is estimated at around $700 million, according to Bloomberg reports that cite local Israeli media. That was the deal It was originally announced in April.