NVIDIA Faces Antitrust Investigation by US Department of Justice Over Artificial Intelligence Dominance

The US Department of Justice has launched an antitrust investigation into NVIDIA’s dominance in the artificial intelligence (AI) chip market. The probe aims to determine whether NVIDIA has engaged in anti-competitive practices that have stifled competition and innovation in the rapidly growing AI chip industry. NVIDIA’s chips are widely used in AI systems, giving the company a significant advantage over rivals. The investigation will examine NVIDIA’s business practices, including its acquisition strategy and licensing agreements with other companies. Analysts suggest that the probe could lead to potential fines or restrictions on NVIDIA’s ability to acquire smaller rivals or impose certain licensing terms. However, the investigation is still in its early stages, and NVIDIA has stated that it will cooperate fully with the authorities. The outcome of the probe could have far-reaching implications for the AI chip market and the broader AI industry.

Source: https://www.businessinsider.com/nvidia-artifical-intelligence-department-of-justice-investigation-antitrust-2024-9