Nvidia Gains EU Approval for $700M Acquisition of Run:ai

The European Commission determined the merger poses no competition risks, but U.S. regulatory approval remains uncertain.

The European Commission granted unconditional approval for Nvidia's acquisition of Israeli startup Run:ai, a GPU orchestration software provider, citing no competition concerns in the European Economic Area.
The deal, valued at approximately $700 million according to Israeli media, was announced in April 2024 and aims to integrate Run:ai's AI compute management tools into Nvidia's ecosystem.
The EU investigation concluded Nvidia lacks the ability or incentive to disrupt compatibility between its GPUs and competing software, ensuring market alternatives remain available.
The U.S. Department of Justice's antitrust division continues to review the deal, leaving its approval in the U.S. uncertain, reflecting heightened scrutiny of Nvidia's dominance in the AI chip market.
Italy referred the deal to the EU under special competition powers, as Run:ai's revenues fell below standard notification thresholds for EU merger review.