Nvidia's proposed buy of AI startup Run:ai requires EU approval, EU regulators say

FILE PHOTO: The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. REUTERS/Robert Galbraith/File Photo

BRUSSELS (Reuters) - U.S. chipmaker Nvidia's proposed acquisition of AI startup Run:ai will have to be approved by EU antitrust regulators before the deal can be completed, the European Commission said on Thursday.

The EU competition enforcer said Nvidia will have to formally seek its approval for the deal, following a request from the Italian competition authority which received an application for approval for the deal from the company.

(Reporting by Foo Yun Chee; Editing by Sudip Kar-Gupta)