Plus, Nvidia closes its acquisition of Israeli software startup Run:ai. And Nasdaq leads indexes lower in tech pullback. Cordilia James hosts. TNB Tech Minute will release its next episode on Thursday, January 2.
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[00:00:29] TNB Tech Minute for Monday, December 30th. I'm Cordelia James for The Wall Street Journal.
[00:00:35] The UK's Competition and Markets Authority says it's considering whether IBM's planned $6.4 billion takeover of HashiCorp would affect competition.
[00:00:45] The antitrust watchdog set a provisional February deadline to decide whether to clear the deal or refer it for further investigation.
[00:00:52] If cleared, the takeover would push IBM further into cloud and artificial intelligence.
[00:00:58] San Francisco-based HashiCorp makes tools and products that help its customers set up cloud infrastructure.
[00:01:05] Nvidia has closed its acquisition of Israeli software startup RunAI after months of regulatory scrutiny.
[00:01:12] Nvidia agreed to buy RunAI in April with the goal to expand its reach in software for AI data centers.
[00:01:18] RunAI software helps coordinate and maximize the use of Nvidia's AI chips.
[00:01:23] The European Commission signed off on the deal in December.
[00:01:26] The U.S. Justice Department also examined the deal.
[00:01:30] RunAI's founders said that the software would be open source, making it available for others to use and modify.
[00:01:37] And, a year-end tech sell-off rattled markets for a second straight session.
[00:01:42] Major U.S. stock indexes slumped.
[00:01:45] The tech-heavy Nasdaq fell 1.2%, leading the day's declines.
[00:01:50] Tech names such as Arm Holdings, Broadcom, and Micron dropped more than 2%.
[00:01:56] The Nasdaq had fallen 1.5% on Friday.
[00:01:59] And before we go, heads up, we'll be back with our next TNB Tech Minute on Thursday, January 2nd.
[00:02:06] For a deeper dive into what's happening in tech, check out tomorrow's Tech News Briefing podcast.