The US Department of Justice is conducting an antitrust investigation into Nvidia, a leading AI chip maker, due to the high demand for their artificial intelligence chips. The company recently reached a market value of over $3 trillion, surpassing Apple to become the second most valuable company in the world. The Federal Trade Commission is also investigating Microsoft and OpenAI, as reported by Politico. Microsoft currently holds the title of the most valuable company in the world.
In the last year, Nvidia has experienced rapid growth as investors show confidence in the ongoing expansion of artificial intelligence technology. The company’s value has surged by 50% since February, according to the BBC. This investigation comes at a crucial time for Nvidia as they navigate their position in the market and face scrutiny over their dominance in the AI chip sector. The outcome of this investigation could have significant implications for the future of Nvidia and the wider technology industry.
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https://www.semafor.com/article/06/06/2024/us-government-doj-antitrust-nvidia-semiconductor-chips-artificial-intelligence