US chipmaker Nvidia has finally closed its $700 million acquisition of Run:ai, an Israeli software company that makes it easier for customers to orchestrate GPU clouds for artificial intelligence, after facing some regulatory hurdles.
Now, Nvidia will reportedly open source the software. Run:ai posted the latest news on its website and revealed Nvidia’s plans to open source its software.
Regulators on both sides of the Atlantic have investigated Nvidia on antitrust grounds
While neither company made clear the intention, Adventure win He points out that this may not be that hard to spot as Nvidia has ballooned into the world’s most valuable company at $3.56 trillion. Despite its size, it also becomes difficult for the chip giant to acquire companies due to antitrust oversight.
The takeover hit some snags after the European Commission indicated in October that Nvidia would need to obtain approvals and antitrust clearance for the deal due to growing concerns that the proposed deal would undermine competition within the sectors in which both companies operate.
After some careful examination, the EU said it had approved the proposed takeover of the Israeli startup, saying the deal would not raise any competition concerns in the European Economic Area.
according to ReutersThe EU investigation into the deal focused on activities that could enhance Nvidia’s control over graphics processing units, coveted chips that can partition and process computer tasks, but ultimately concluded that the deal would not raise any such concerns in the European Economic Area.
The Justice Department also investigated Nvidia over the deal on antitrust grounds.
Now, with the deal finally closed, an Nvidia spokesperson said in a statement: “We are thrilled to welcome the Run:ai team to Nvidia.”
However, Run:ai’s founders, Omri Geller and Ronen Dar, noted in a statement that making the software open source will help the community build better, faster AI.
“Although Run:ai currently only supports Nvidia GPUs, open source of the software will enable it to expand its availability to the entire AI ecosystem.”
Geller and Dar.
The Israeli startup founders also added that this will continue to help their customers get the most out of their AI infrastructure and provide maximum flexibility, efficiency and usability to the GPU ecosystem, wherever they are located.
Nvidia Transaction – Run:ai to help customers orchestrate their AI infrastructure
The two founders also revealed that they will continue to strengthen their partnerships and work together with the ecosystem to provide customers with diverse AI solutions and platform options.
“In keeping with our open platform philosophy, as part of Nvidia, we will continue to empower AI teams with the freedom to choose the tools, platforms and frameworks that best suit their needs,” Geller and Darr said.
The Israel-based startup revealed that its goal when it started in 2018 was to be a driving force in the AI revolution and enable organizations to unleash the full potential of their AI infrastructure.
according to VBthe company helps its customers orchestrate their AI infrastructure, enhance efficiency and utilization as well as increase the productivity of their teams.
“We are thrilled to build on this momentum, now as part of Nvidia. Artificial intelligence and accelerated computing are changing the world at an unprecedented pace, and we believe this is just the beginning,” said the Run:ai founders.
“GPUs and AI infrastructure will continue to be at the forefront of driving these transformative innovations and joining Nvidia provides us with an exceptional opportunity to advance a shared mission to help humanity solve the world’s biggest challenges,” they added.
While Nvidia has long made graphics chips that have become useful in running AI programs, the company is now also focusing on software. Nvidia is in control 80% market share Of AI graphics processors. So the acquisition of Run:ai is now about giving their customers the efficiency and flexibility of GPU orchestration software.
The two companies have been collaborating since 2020 and have common clients.
Nvidia announced for the first time Acquisition The Israeli startup went public in April in a $700 million deal, a price that was set to be reviewed by the European Union after requests from Italian regulators under the European Union Merger Regulation (EUMR). This delayed the completion of the deal as it was under investigation before being approved earlier this month.
When announcing its plans, Nvidia said the deal would help customers use their computing resources more efficiently.
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