AI chip giant Nvidia has finalized the purchase of Israeli AI start-up Run:ai, after getting the green light for the merger from the European Commission.
Nvidia had initially shared its intentions to buy the start-up back in April, but the deal faced a review from the European Commission, which approved it just this month. The orchestration software firm stated that it "will keep assisting customers in maximizing their AI Infrastructure."
Open-source Ambitions
Run:ai has expressed its intention to make its software stack open-source "to support the community in building better AI, quicker." At present, Run:ai's workflows are compatible only with Nvidia GPUs, but the firm is optimistic that this will evolve once the software is made available "to the whole AI ecosystem."
Market Share and Scrutiny
As per Nasdaq, Nvidia commands an 80% stake in the rapidly growing data center market for AI chips. However, the company is also facing intense scrutiny from lawmakers regarding potential monopoly issues.
Earlier this month, China's Administration for Market Regulation revealed it is conducting an investigation, and the US Commerce Department is also looking into how Nvidia's chips made their way to China despite existing restrictions. Furthermore, the US Department of Justice is delving into the company following complaints from competitors.
Reuters | Nvidia | Run:ai | Nasdaq
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