- Published on December 31, 2024
- In AI Features
2024 Marks a Year of Major Acquisitions for NVIDIA
The company achieved unprecedented success in 2024 and became the world’s most valuable company with a $3.5 trillion market cap, surpassing Apple.
- By Supreeth Koundinya
NVIDIA, the world’s leading chipmaker company, completed the acquisition of Run:ai, an Israel-based AI infrastructure platform, on Monday. NVIDIA reportedly paid $700 million after overcoming several hurdles posed by the US Department of Justice (DOJ).
Earlier in August, the US DOJ initiated an antitrust investigation on the acquisitions in lieu of the impact it can have on the competition. However, in October, the European Commission reviewed the deal and “unconditionally” approved it, citing that it may not have any concerning effects in the European Economic Area.
However, the delays only benefited Run:ai, and its employees. Given NVIDIA’s stock price surge, founders and employees are set to be retained and will be paid $200 million in NVIDIA shares – reportedly do
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Supreeth Koundinya
Supreeth is an engineering graduate who is curious about the world of artificial intelligence and loves to write stories on how it is solving problems and shaping the future of humanity.
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