French authorities raided Nvidia’s local office as part of an antitrust investigation into the cloud computing sector. This is reported by The Wall Street Journal.
Neither law enforcement agencies nor representatives of the chipmaker commented on the incident.
The publication reported the raid on September 28. The day before, the French antitrust regulator Autorité de la Concurrence released press release, according to which investigative services “conducted searches at the premises of a company suspected of anti-competitive practices in the video card sector.”
They added that they would not comment on the name of the organization.
Previously regulator released research into the cloud computing sector. The document does not mention Nvidia; the specialists’ attention was focused on Amazon Web Services, Google Cloud and Microsoft Azure.
According to the document, the Autorité de la Concurrence has tools to combat unfair competition and abuses of the law.
At the end of the second quarter of the 2024 financial year, Nvidia showed record profits. The company’s CEO, Jensen Huang, explained the performance by a sharp transition to the implementation of AI.
The chipmaker’s report for the first quarter of the 2024 financial year provoked an increase in quotes for cryptocurrencies associated with artificial intelligence.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
