Chip company Nvidia has received the green light from the European Union to complete its acquisition of Run:ai.
The EU made a unanimous decision today that Nvidia can proceed with its acquisition of Israeli GPU orchestration platform Run:ai. Bloomberg reports.. The European Commission has ruled that this combination of companies will not create a monopoly, as other hardware options compatible with Nvidia will continue to be available on the market if the merger is successful.
Even though the EU has agreed, the deal is still there. Conducted by the Department of Justice. It's unclear when it will be approved in the US.
Still, This is likely to be welcome news for other AI startups with acquisition and leasing aspirations, as the AI market has shown welcome consolidation.
Terms of the deal were not disclosed, but the purchase price is estimated to be around $700 million, according to Bloomberg, citing local Israeli media. I had an agreement. Originally announced in April..