Nvidia Finalizes Acquisition of Run:ai with EU Approval

Nvidia, a US multinational chip manufacturing firm, has finalized its acquisition of Israeli software company Run:ai. The deal, valued at $700 million, was cleared by the European Commission after an investigation into competition concerns, originally prompted by the Italian competition watchdog. The acquisition is deemed unlikely to affect competition in the European Economic Area due to Run:ai's negligible revenues. Nvidia aims to open source Run:ai's software, allowing broader access and extending usability across the AI ecosystem. This move follows Nvidia's strong performance in 2024, during which it briefly became the most valuable company globally. The acquisition reflects Nvidia's strategy to enhance its AI infrastructure software offerings, supported by notable partnerships with firms like Stripe and Equal1. As of January 2025, Apple reclaimed its position as the most valuable company, with Nvidia in second place.