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Nvidia has officially completed its acquisition of Israeli AI infrastructure startup Run:ai. The deal, which was initially announced in April and faced regulatory hurdles before being approved, marks a significant expansion of Nvidia’s presence in the market.
As part of the merger, Run:ai’s software, which currently only works with Nvidia products, will be open sourced. This means that Nvidia’s rivals, such as AMD and Intel, will be able to adapt it for their own hardware infrastructure. In a statement, Run:ai expressed its eagerness to build on its previous achievements, expand its talented team, and grow its product and market reach.
The open-sourcing of the software is expected to enable it to extend its availability to the entire AI ecosystem. Nvidia’s acquisition of Run:ai was initially valued at $700 million, according to sources familiar with the matter.
The deal faced regulatory hurdles, including separate investigations by the European Commission and U.S. Department of Justice into whether it would harm competition in the market. The European Commission ultimately approved the deal in December.
This move is seen as a strategic win for Nvidia, which has been expanding its AI capabilities in recent years.
Source: techcrunch.com
