Nvidia Acquires AI Startup Run:ai, Open Sourcing Software

Nvidia Acquires AI Startup Run:ai, Open Sourcing Software
Nvidia has finalized its acquisition of Israeli AI infrastructure startup Run:ai for approximately $700 million. As part of the deal, Run:ai will open source its software, allowing competitors like AMD and Intel to adapt it for their hardware. The merger aims to enhance Nvidia's market reach and product offerings in the AI ecosystem. Despite facing regulatory scrutiny from the European Commission and U.S. Department of Justice, the acquisition was approved this December. Run:ai expressed enthusiasm for expanding its team and capabilities following the merger.