According to a report by news agency Reuters, the European Commission has mandated that Nvidia seek antitrust approval for its acquisition of AI startup Run:ai, a deal reportedly valued at $700 million. Nvidia’s planned purchase of the Israeli-based company has raised competition concerns across the European Economic Area, as per regulators.
Despite the deal not meeting the usual EU revenue threshold that would require regulatory review, it was flagged by Italy’s antitrust body, which urged the EU to take up the case, as per media reports. The Commission expressed concerns about the potential impact on market competition across Europe, given the companies’ overlapping interests in AI infrastructure technology.
In response, Nvidia stated its willingness to work with regulators, adding that it intends to keep AI solutions accessible across different cloud and enterprise platforms post-acquisition. This move comes as regulatory bodies in the EU and the U.S. intensify scrutiny of big tech acquisitions amid fears of market monopolisation.
(REUTERS)
