S. Department of Justice also continues to scrutinize the deal. As reported by Politico in August American regulators are assessing whether the acquisition could lead to unfair market consolidation or reduce competition within the rapidly evolving AI sector. Run:ai which specializes in optimizing infrastructure for AI development has revealed plans to open-source its software as part of its continued expansion. In a blog post the company noted that its software which currently supports only Nvidia GPUs will soon be available to the broader AI ecosystem.
While Run:ai currently supports only self employed data Nvidia GPUs open sourcing the software will enable it to extend its availability to the entire AI ecosystem the company stated. Source: Reuters Taiwan FTC Halts Uber’s $M Foodpanda Buyout Over Antitrust Fears By CPI January Uber Technologies’ ambitious plans to acquire Foodpanda’s Taiwan operations for $ million have hit a roadblock after Taiwan’s Fair Trade Commission FTC rejected the deal citing antitrust concerns. According to Yahoo News Taiwan’s FTC determined that the merger would significantly reduce competition in the local food delivery market leading to potential harm for both consumers and businesses.
Taiwan’s FTC expressed concerns that the acquisition would consolidate market power in the hands of Uber’s delivery arm led by CEO Dara Khosrowshahi and Foodpanda effectively dampening competition that currently benefits consumers and restaurants. Per Yahoo News Taiwan’s FTC warned that reduced competition could result in higher prices fewer choices for eateries and customers and create substantial barriers for new players trying to enter the market. Uber has expressed disappointment over the decision. We made proposals to address Taiwan’s FTC concerns the company stated adding that despite the setback it remains committed to investing in Taiwan which it described as one of its fastest-growing markets for food delivery.
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