News Formal

US Justice Dept. is investigating Nvidia's acquisition of AI startup, Politico reports

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 26 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 63%

Nvidia News

U.S. Department Of Justice,Politico,Tech Crunch

Nvidia announced the acquisition of the Israeli firm in April for around $700 million according to a report by Tech Crunch. 'We'll continue to support...

- The U.S. Department of Justice is investigating chip giant Nvidia's buyout of AI startup Run:ai on antitrust grounds, Politico reported on Thursday, citing five people with direct knowledge of the matter.

"We'll continue to support aspiring innovators in every industry and market and are happy to provide any information regulators need," an Nvidia spokesperson said.U.S. antitrust enforcers have been closely examining big tech acquisition activity due to concerns that the concentration of new technologies in the hands of a few companies could stifle competition.

CareTrust REIT Funds $378 Million in New Investments; Announces Replenished Investment Pipeline of $270 Million

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia stock falls more than 6%, reversing Wednesday’s rally as chip stocks lead market lowerChip stocks led a tech-fueled sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia stock falls more than 5%, reversing Wednesday’s rally as chip stocks lead market lowerChip stocks led a tech-fueled sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »