Brazil: Administrative Council for Economic Defense opened preliminary merger review procedure into acquisition of Run:AI Labs by NVIDIA Corporation
Description
Administrative Council for Economic Defense opened preliminary merger review procedure into acquisition of Run:AI Labs by NVIDIA Corporation
On 23 August 2024, the Administrative Council for Economic Defense (CADE) initiated an administrative proceeding to determine whether NVIDIA's acquisition of Run required mandatory notification under Articles 88 and 90 of Law No. 12,529/2011. The pr…
Scope
Policy Area
Competition
Policy Instrument
Merger control regulation
Regulated Economic Activity
ML and AI development, semiconductors, infrastructure provider: cloud computing, storage and databases
Implementation Level
national
Government Branch
executive
Government Body
competition authority