Chip giant Nvidia is facing scrutiny from the US Justice Department as reports surface that the company has received an antitrust subpoena. The tech company, known for its cutting-edge chips used in artificial intelligence technology, is currently under investigation to determine whether it has misused its dominant position in the market.
Nvidia has defended its business practices in response to the probe, stating that it has always operated within the boundaries of fair competition. The company’s chips are highly sought after for their ability to power AI applications, making Nvidia a key player in the rapidly growing technology sector.
The investigation comes at a time when regulators around the world are closely monitoring the actions of tech giants to ensure fair competition and prevent monopolistic behavior. Nvidia’s involvement in the AI market has put it in the spotlight, prompting the US Justice Department to look into whether the company has engaged in any anticompetitive practices.
As the investigation unfolds, industry experts and investors will be closely watching to see how Nvidia responds to the allegations. The outcome of the probe could have significant implications for the company and the wider tech industry, as regulators seek to maintain a level playing field in the fast-evolving world of artificial intelligence.
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Video “Chip giant Nvidia gets antitrust subpoena from US Justice Department – reports • FRANCE 24 English” was uploaded on 09/04/2024 to Youtube Channel FRANCE 24 English