Nvidia has successfully finalised its acquisition of Run:ai, an Israeli startup specialising in the management and optimisation of AI hardware infrastructure.
Following the merger, Run:ai has announced that its software, which is currently compatible exclusively with Nvidia products, will be made open source. This change means that competitors such as AMD and Intel can adapt the technology for their own hardware.
“We are excited to build upon the successes we’ve achieved thus far, expand our skilled team, and enhance our product offerings and market presence,” Run:ai informed Bloomberg in a statement. “Open sourcing the software will allow it to reach a broader audience across the entire AI ecosystem.”
Nvidia first announced its intention to acquire Run:ai in April, with sources revealing to StartupSuperb that the acquisition price was set at $700 million. However, the deal encountered regulatory challenges, as the European Commission and the U.S. Department of Justice initiated separate investigations to assess potential impacts on market competition.
In December, the European Commission granted approval for the acquisition to proceed.