Chip company Nvidia gets the green light from the European Union to complete its acquisition of Run:ai.

The EU came to a unanimous decision today that Nvidia could go ahead with its acquisition of Israeli GPU orchestration platform Run:ai, according to reporting from Bloomberg. The European Commission determined that if the merger went through, other hardware options compatible with Nvidia would still be available on the market and thus this company combination would not create a monopoly.

Despite the EU approval, though, the deal is still being held up by the Department of Justice in the U.S. and it’s unclear when/if it will be approved.

Still, this is likely welcome news to other AI startups with acquisition and acqui-hire aspirations, as it shows consolidation is welcome in the AI market — at least for now.

Bloomberg’in yerel İsrail medyasına dayandırdığı haberine göre, anlaşma şartları açıklanmasa da satın alma bedelinin yaklaşık 700 milyon dolar olduğu tahmin ediliyor. Anlaşma ilk olarak Nisan ayında duyurulmuştu .