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🌟 Top News in Startupland 🌟 

EU Antitrust Watchdog Halts Nvidia’s Acquisition of Startup Run:ai

If ‘brat’ is Collins Dictionary’s Word of the Year, then the words ‘AI’ and ‘antitrust’ must come at a close second. However, unlike brat, AI and the antitrust scrutiny the sector has faced have not had a TikTok dance created for them (yet. There is still time).

Big Tech has been rocked by U.S. and EU governing bodies for its big investments in AI, particularly when it comes to acquiring startups’ tech and talent. The latest Big Tech entrant into antitrust investigation? Nvidia.

The European Commission halted the U.S.-based chipmaker on Oct. 31 after Italy flagged its plan to acquire AI workload management startup Run:ai. “The transaction threatens to significantly affect competition in the markets where NVIDIA and Run:ai are active, which are likely to be at least European Economic Area-wide and therefore include the referring country Italy,” the European Commission explained in a statement. Furthermore, though the deal was announced in April this year, the transaction does not meet the notification thresholds required under EU Merger Regulation law.

The next steps for Nvidia are to formally notify the transaction to EU competition enforcers with documentation outlining the details of the acquisition for assessment. Nvidia has agreed to comply with the EU’s requests. “We are happy to answer any questions regulators may have about Run:ai,” spokesperson John Rizzo responded. “After the acquisition closes, we’ll continue to make AI available in every cloud and enterprise, and help customers select any system and software solution that works best for them.”

⚡️ Community Poll ⚡️

Last week, 41% of respondents voted that AI has already become an essential technology employed by governments. 35% voted a definitive ‘Yes’ and 24% a definitive ‘No.’

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Even More Headlines

💰 $50B is going towards data centers and energy infrastructure, thanks to 2 PE firms.

🗳️ MyBallotAI launches ahead of the U.S. General Election to help inform voters.

🎵 AI startup platform Hook announced a label partnership with Glassnote Records.

🤖 Former Salesforce executive Bret Taylor’s AI startup Sierra is now valued at $4.5B.

What You Need for a Great Q4: Video Content

Let’s talk about what everyone’s gearing up for in Q4: video. I’m talking explainers, customer testimonials, product demos. Video content that gets your message out there. Fast.

Marketers and founders are using this stuff everywhere. Websites, social media, sales decks—you name it. It’s a no-brainer if you want to stay ahead.

One agency that’s crushing it with video? Spacebar Visuals. These guys make the whole process easy, especially for startups like yours. They know you’re juggling a million things, so they take care of everything.

Here’s the best part: I’ve teamed up with them, and if you drop the word TechDay, you’ll get an exclusive startup deal. 

Ready to see what Spacebar Visuals can do for you? Let’s make it happen.

📚 Dive A Bit Deeper 📚

📑 LEAN, MEAN PATENT MACHINE — Lean startup methodology only includes the key elements a startup needs to operate optimally and achieve success. Filing patents is an essential step startups should consider including in their lean action plan. Here’s how to tailor them effectively.

🛵 CONVENIENCE COST — Convenience is a defining characteristic of the modern disruptive startup. But does this innovation and convenience hide something costly for middlemen like small businesses? Oftentimes, the answer is yes.

🏃‍♂️ TAKING THE RIGHT EXIT — Exits and M&As are down for AI startups lately, but that doesn’t mean startups shouldn’t take the necessary steps to make their aspirations a reality. When aiming for an exit, startups should consider what VCs look for.