The French authority conducted the raid as part of its increased scrutiny on cloud technology, a topic it published a study on in June. The agency clarified that such raids do not necessarily indicate a breach of law, but only a full investigation can establish this. Nvidia has declined to comment on the incident.
Key takeaways:
- Nvidia’s offices in France were raided by the country’s competition authority over concerns about anti-competitive practices in the graphics cards industry.
- The raid was reportedly targeted at Nvidia, which has seen a significant increase in demand for its chips, with companies like Microsoft and OpenAI buying thousands of its high-end AI chips.
- Nvidia reported a record revenue of $13.51 billion in its latest report, a 101 percent increase from the same time last year, and its valuation briefly crossed the trillion-dollar mark in May due to the AI boom.
- The French authority conducted the raid as part of its increased scrutiny on cloud technology, and while a raid does not necessarily indicate a breach of the law, it suggests that Nvidia’s dominance in the chipmaking market is being noticed by global governments.