Nvidia is estimated to be paying $700 million for the Israeli AI company. The acquisition was originally announced in April.

The European Commission on Friday said it has “unconditionally” approved Nvidia’s acquisition of GPU orchestration software startup Run:ai, which the company plans to use to boost its DGX Cloud platform.

Nvidia’s takeover of Israeli streamlining provider Run:ai cleared a key regulatory hurdle on Friday with EU approval.

Key Takeaways Nvidia stock is higher Friday at the end of the last full week of trading in 2024 following a recent slide into technical-correction territory.Nvidia shares have fallen in nine of the last 11 trading sessions since closing at $145.

Nvidia will face no objections to its plan to acquire Israeli AI orchestration software vendor Run:ai Labs in Europe, after the European Commission gave the deal its approval Friday. The Commission’s executive vice president with responsibility for competition,