Chipmaker Nvidia () completed the acquisition of the Israeli company Run:ai, the startup reported this Monday (30), after a competition analysis of the operation.
The European Commission granted unconditional approval to Nvidia’s $700 million bid for Run:ai, which helps developers optimize infrastructure for AI, earlier in December, after declaring in October that the deal would require European Union antitrust approval.
The EU’s anti-competition body had warned that the agreement threatened competition in the markets where the companies operate.
The investigation into the deal focused on practices that could strengthen Nvidia’s control over the market for graphics processing units (GPUs), which are the sought-after chips often used in AI-related tasks.
Nvidia dominates the AI graphics processor market, holding a share of around 80%.
However, the European Commission concluded this month that the acquisition of Run:ai, originally announced in April, would not raise competition concerns.
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Run:ai plans to make its software open source, the company said in a post.
“While Run:ai currently only supports Nvidia GPUs, open-sourcing the software will allow it to extend its availability across the entire AI ecosystem,” he said.
