Nvidia's proposed buy of AI startup Run:ai requires EU approval, EU regulators say

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BRUSSELS : U.S.chipmaker Nvidia's proposed acquisition of AI startup Run:ai will have to be approved by EU antitrust regulators before the deal can be completed, the European Commission said on Thursday.

The EU competition enforcer said Nvidia will have to formally seek its approval for the deal, following a request from the Italian competition authority which received an application for approval for the deal from the company.

FILE PHOTO: The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015.BRUSSELS : U.S.chipmaker Nvidia's proposed acquisition of AI startup Run:ai will have to be approved by EU antitrust regulators before the deal can be completed, the European Commission said on Thursday.

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Category: EconomyBusiness

Markets: Singapore

Topics: File Mediacorp Nvidia Deal Photo: Experience Logo Approval Company Competition Technology

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 19:36:45 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 142 words

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Sentences: 5 lines

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News ID: 23348429

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