Chipmaker Nvidia has completed its acquisition of Israeli AI firm Run:ai, the startup said on Monday, following regulatory clearance from European authorities.
The European Commission granted unconditional approval for Nvidia's $700 million bid for Run:ai, which helps developers optimise infrastructure for AI, earlier in December after saying in October that the deal would require EU antitrust clearance.
Nvidia dominates the market for AI graphics processors and commands about 80% of its share. The acquisition, originally announced in April, has also drawn attention from U.S. regulators, with the Department of Justice investigating the chip giant's buyout of Run:ai on antitrust grounds, as Politico reported in August.
Run:ai plans to make its software open-source, it said in a blog post. "While Run:ai currently supports only Nvidia GPUs, open sourcing the software will enable it to extend its availability to the entire AI ecosystem," it said.
Regulators on both sides of the Atlantic have recently stepped up their scrutiny of tech giants' acquisitions of startups on concerns that such deals may shut down potential rivals.