EU approves Nvidia's acquisition of Run:ai

FILE PHOTO: A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

BRUSSELS (Reuters) - The European Commission said on Friday it has approved unconditionally Nvidia's $700 million bid for Run:ai.

The EU's probe into the deal focused on practices that could strengthen Nvidia's control over GPUs, sought-after chips that divide and process computer tasks, but it concluded that the acquisition of Run:ai would not raise competition concerns.

(Reporting by Charlotte Van Campenhout; Editing by Susan Fenton)