The US Department of Justice has issued subpoenas to Nvidia and other companies, seeking evidence that the chipmaker violated antitrust laws. Bloomberg’s exclusive news fell like a bolt of lightning on Wall Street’s “favorite” and dominant provider of AI processors.<\/p>\n\n\n\n
The Department of Justice, which previously delivered questionnaires to companies, now sends legally binding requests that compel recipients to provide information.<\/p>\n\n\n\n
This brings the government one step closer to filing a formal complaint. Antitrust authorities worry that Nvidia is making it difficult to switch to other suppliers and penalizing buyers who don’t exclusively use its AI chips.<\/p>\n\n\n\n
Who is Nvidia?<\/strong><\/p>\n\n\n\n Founded in 1993, Nvidia made its name selling graphics cards to PC gamers. But her chip-making approach eventually proved useful for building AI models, a process that involves bombarding software with data.<\/p>\n\n\n\n The company has also rapidly expanded its lineup with a range of software, servers, networks and services \u2014 all aimed, Nvidia claims, at accelerating the development of artificial intelligence.<\/p>\n\n\n\n Nvidia CEO Jensen Huang said it is prioritizing customers who can use its products in ready-made data centers as soon as it supplies them, a policy designed to prevent inventory build-up and accelerate the wider adoption of artificial intelligence .<\/p>\n\n\n\n The success of its products – along with rivals’ struggles to produce alternative chips – has made Nvidia a critical part of the supply chain for some of the world’s biggest companies.<\/p>\n\n\n\n Microsoft and Meta Platforms, for example, spend more than 40% of their hardware budget on the chipmaker’s equipment.<\/p>\n","protected":false},"excerpt":{"rendered":" The US Department of Justice has issued subpoenas to Nvidia and other companies, seeking evidence that the chipmaker violated antitrust laws. Bloomberg’s exclusive news…<\/p>\n","protected":false},"author":1,"featured_media":20221,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[620,946],"tags":[1624,4297,3309,4371,70,3896],"class_list":["post-20218","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-companies","tag-ai","tag-companies","tag-computer-chips","tag-nvidia","tag-usa","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts\/20218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20218"}],"version-history":[{"count":2,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts\/20218\/revisions"}],"predecessor-version":[{"id":20223,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts\/20218\/revisions\/20223"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/media\/20221"}],"wp:attachment":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}