Nvidia completes acquisition of AI infrastructure startup Run:ai | TechCrunch
Dec 30, 2024 - techcrunch.com
Nvidia has finalized its acquisition of Run:ai, an Israeli startup specializing in AI hardware infrastructure management and optimization. As part of the merger, Run:ai plans to open source its software, which currently operates exclusively with Nvidia products. This move will allow competitors like AMD and Intel to adapt the software for their hardware, broadening its reach within the AI ecosystem. Run:ai expressed enthusiasm for expanding its team and market presence following the acquisition.
Initially announced in April, the acquisition faced regulatory scrutiny from the European Commission and the U.S. Department of Justice over potential competition concerns. The European Commission approved the deal in December. The acquisition was reportedly valued at $700 million, according to sources cited by TechCrunch.
Key takeaways:
Nvidia has completed its acquisition of Run:ai, an Israeli startup focused on AI hardware infrastructure management.
Run:ai's software, which currently works only with Nvidia products, will be open sourced to allow adaptation by Nvidia's rivals like AMD and Intel.
The acquisition faced regulatory scrutiny from the European Commission and U.S. Department of Justice but was approved by the European Commission in December.
The deal was initially valued at $700 million when Nvidia announced its intent to acquire Run:ai in April.
