Subj : More subpoenas issued to Nvidia as US continues antitrust case
To   : All
From : TechnologyDaily
Date : Wed Sep 04 2024 15:45:05

More subpoenas issued to Nvidia as US continues antitrust case

Date:
Wed, 04 Sep 2024 14:30:00 +0000

Description:
Nvidia is facing increased scrutiny from the US DOJ over market 
monopolization, as well as other European regulators.

FULL STORY
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The US Department of Justice (DOJ) has reportedly stepped up its antitrust 
investigation into Nvidia, according to Bloomberg . 

Now, the DOJ has issued subpoenas to gather evidence that the AI chip giant 
could be engaging in business practices that enable it to monopolize the 
market. 

The investigation addresses concerns that Nvidia could be preventing 
competition by making it difficult for customers to adopt rival products. 
Nvidia is under the antitrust microscope 

 Bloomberg cites unnamed sources familiar with the matter who claim that the 
DOJ, which previously sent out questionnaires, is now sending legally binding 
requests for information. 

Moreover, the DOJ also has its eyes on Nvidias acquisition of RunAI, an AI 
computing management software company. Concerns are raised that the merger 
could further inhibit competition. 

Nvidias success has been largely thanks to the rapid adoption of artificial 
intelligence  its powerful chips have proven instrumental in setting up and 
maintaining high-performance AI datacenters. The company currently has a 
market cap of $2.02 trillion, after peaking at more than $3 trillion earlier 
this year and temporarily becoming the worlds most valuable company. 

While companies like Intel and AMD have introduced their own products, 
Nvidias early and strong entry to the market positioned it well for future 
growth. 

The dominating chipmaker isnt only facing scrutiny in the US  French 
antitrust regulators have also launched an investigation as part of a broader 
look into the cloud computing market, and the EU is reportedly examining 
Nvidias business practices. 

 TechRadar Pro has asked Nvidia to comment on ongoing investigatory work, and 
we'll be sure to update this story with a response if we receive one. More 
from TechRadar Pro These are the best AI tools and best AI writers Need 
something a little less extreme? Here are the best processors Nvidia was 
officially more valuable than Apple  for a couple of hours, at leas t



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Link to news story:
https://www.techradar.com/pro/more-subpoenas-issued-to-nvidia-as-us-continues-
antitrust-case


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