Reported 3 days ago
Nvidia has finalized its $700 million acquisition of the Israeli AI company Run:ai after receiving unconditional approval from the European Commission, which concluded that the deal would not harm competition despite prior antitrust concerns. The acquisition allows Nvidia to enhance its dominance in the AI graphics processing market, which it holds an 80% share of, while Run:ai plans to open-source its software for broader accessibility across the AI ecosystem.
Source: YAHOO