Nvidia is estimated to be paying $700 million for the Israeli AI company. The acquisition was originally announced in April.

Nvidia shares slowed their recent slide into technical-correction territory Friday as the tech giant received positive news that European regulators had cleared a recent acquisition of competition concerns.

Italy's data protection agency said on Friday it fined ChatGPT maker OpenAI 15 million euros ($15.58 million) after closing an investigation into use of personal data by the generative artificial intelligence application.

The U.S. Department of Commerce has recently asked Nvidia to look into how the company's products ended up in China over the past year, The Information reported on Thursday, citing a person close to the department.

Nvidia has reportedly tapped its partners to look into how its advanced artificial intelligence chips are being smuggled into China.

The US has had sanctions over China that obstruct it from getting hands on Nvidia chips, but over the past year, a few instances have come to light that reveal that China is in possession of Nvidia products.