Nvidia's Run:ai deal to get EU antitrust decision by Dec. 20

Permian Resources

19/11/2024 14:24

BRUSSELS, Nov 19 (Reuters) - EU antitrust regulators
will make a decision on U.S. chipmaker Nvidia's  NVDA.O 
proposed acquisition of Israeli AI startup Run:ai by Dec. 20,
according to a European Commission filing.
    The EU antitrust watchdog warned last month that the deal
threatens competition in the markets where the companies operate
and ordered Nvidia to seek its approval before it can close the
deal.
    The Commission can either clear the deal with or without
remedies during its preliminary review or it can subsequently
open a four-month long investigation if it has serious concerns.
   
    Antitrust regulators on both sides of the Atlantic have in
recent years voiced concerns about killer acquisitions where
large players buy start-ups in order to shut them down.
    Nvidia, whose processors are essential in the chip industry
due to their ability to power AI applications including training
models like ChatGPT, announced the Run:ai acquisition in April
valued at around $700 million according to a report by Tech
Crunch.

 (Reporting by Foo Yun Chee; Editing by Susan Fenton)
 ((foo.yunchee@thomsonreuters.com; +32 2 585 2866; Reuters
Messaging: foo.yunchee.thomsonreuters.com@reuters.net))