U.S. progressive groups and Democratic Senator Elizabeth Warren pressed the Department of Justice to investigate Nvidia over competition concerns, citing the...
- U.S. progressive groups and Democratic Senator Elizabeth Warren pressed the Department of Justice to investigate Nvidia over competition concerns , citing the company's dominance of the market for the chips driving the artificial-intelligence boom.
In June, Reuters reported a deal was reached among U.S. regulators that directs the Justice Department to oversee potential antitrust probes into Nvidia, while the Federal Trade Commission is looking at Microsoft and OpenAI. Nvidia has roughly 80% of the AI chip market, including the custom AI processors made by cloud computing companies like Google, Microsoft and Amazon.com. The chips made by the cloud giants are not available for sale themselves but typically rented through each platform.Excluding the cloud providers' chips, Nvidia achieved nearly 100% market share. That domination helps the company report gross margins between 70% and 80%.
"We want a world where, one, there is room for investment and development and growth into new rivals and technologies," he said.
Department Of Justice Jonathan Kanter Senator Elizabeth Warren Antitrust Enforcers Competition Concerns
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