Reported 2 months ago
The U.S. Department of Justice is investigating Nvidia's acquisition of AI startup Run:ai over antitrust concerns, as reported by Politico. Nvidia announced the $700 million deal in April, aiming to enhance its AI infrastructure. Following the news, Nvidia's shares fell by over 3% in premarket trading. The investigation highlights ongoing scrutiny of Big Tech acquisitions amid worries about stifling competition in the tech industry.
Source: YAHOO