The Commission determined
Posted: Mon Dec 23, 2024 5:41 am
It added that reports of scams and fraud decreased by nearly 50% in 2023, despite a 28% increase in transaction volume. Recommended CFPB Sues Zelle and 3 Owner Banks, Alleging Insufficient Safeguards European Commission Approves Nvidia’s Proposed Acquisition of Run:ai Ingo Payments’ Edwards: 2025 Will Change the Rules for Bank-FinTech Partnerships The Payments Problem Small Businesses Don’t Know They Have See More In: Bank of America, Banks, CFPB, Consumer Financial Protection Bureau, credit unions, early warning service, fraud, jpmorgan, Lawsuits, legal, News, PYMNTS News, scams, wells fargo, What's Hot, Zelle European Commission Approves Nvidia’s Proposed Acquisition of Run:ai By PYMNTS | December 20, 2024 | Nvidia building The European Commission approved Nvidia’s proposed acquisition of Run:ai Thursday (Dec.
19), saying that it did so unconditionally phone number poland and that the transaction would raise no competition concerns in the European Economic Area (EEA). The case had been referred to the Commission in September by the Italian competition authority, which asked the Commission to determine whether the proposed acquisition would affect competition in the EEA, the Commission said in a Thursday press release. Nvidia designs and supplies graphic processing units (GPUs) for data center applications, while Run:ai supplies GPU orchestration software that enables corporate clients to manage their AI compute infrastructure, according to the release.
that the proposed acquisition would not raise competition concerns because Nvidia cannot hamper the compatibility of its GPUs with competing GPU orchestration software and because customers have access to other GPU orchestration software that offers alternatives to Run:ai, per the release. Since Nvidia is a leading producer of key hardware for AI applications used in the EU and beyond, it was important to carefully check whether its acquisition of start-up software company Run:ai may have negatively impacted competition in critical markets which are key for future competitiveness, Teresa Ribera, executive vice-president for clean, just and competitive transition at the European Commission, said in the release.
19), saying that it did so unconditionally phone number poland and that the transaction would raise no competition concerns in the European Economic Area (EEA). The case had been referred to the Commission in September by the Italian competition authority, which asked the Commission to determine whether the proposed acquisition would affect competition in the EEA, the Commission said in a Thursday press release. Nvidia designs and supplies graphic processing units (GPUs) for data center applications, while Run:ai supplies GPU orchestration software that enables corporate clients to manage their AI compute infrastructure, according to the release.
that the proposed acquisition would not raise competition concerns because Nvidia cannot hamper the compatibility of its GPUs with competing GPU orchestration software and because customers have access to other GPU orchestration software that offers alternatives to Run:ai, per the release. Since Nvidia is a leading producer of key hardware for AI applications used in the EU and beyond, it was important to carefully check whether its acquisition of start-up software company Run:ai may have negatively impacted competition in critical markets which are key for future competitiveness, Teresa Ribera, executive vice-president for clean, just and competitive transition at the European Commission, said in the release.