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

📆 2024/08/02 00:39:00
📰 YahooFinanceCA

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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.

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