Nvidia Defends Fair Play in AI Chip Market Amid Scrutiny

Nvidia Says It Plays Fair In AI Chip Market

Nvidia on Tuesday defended its tactics in the hot market for chips to power artificial intelligence in the face of reports the US is probing whether it abused its clout. "Nvidia wins on merit, as reflected in our benchmark results and value to customers, who can choose whatever solution is best for them," a spokesperson for the Silicon Valley-based chip maker said in response to an AFP inquiry. While chip buyers do have options, Nvidia is considered the technology leader when it comes to AI chips even though rivals are working hard to compete. US antitrust officials are stepping up their look into whether Nvidia made it tough for customers to change to competitors' GPUs or other chips to power AI, according to a report by Bloomberg and other media. Legally binding questions have reportedly been sent to Nvidia and other chip companies as part of the US probe. The US Department of Justice did not immediately respond to a request for comment. The world's biggest tech companies have invested tens of billions of dollars into Nvidia's powerful AI chips and software in order to get their ChatGPT-style AI models up and running. Microsoft, Google, Meta, Tesla and Amazon all depend on Nvidia technology to train generative AI models and execute the heavy computing workloads needed to deploy the new technology. Nvidia last week said quarterly sales reached a higher than expected $30 billion in the last quarter, though that impressive growth was slower than the furious pace seen in previous quarters. Nvidia share price fell a sharp eight percent on Monday, as doubts emerged about the AI boom's resilience in a slowing US economy.

Nvidia says it plays fair in AI chip market

Nvidia on Tuesday defended its tactics in the hot market for chips to power artificial intelligence in the face of reports the US is probing whether it abused its clout. US antitrust officials are stepping up their look into whether Nvidia made it tough for customers to change to competitors' GPUs or other chips to power AI, according to a report by Bloomberg and other media.Nvidia on Tuesday defended its tactics in the hot market for chips to power artificial intelligence in the face of reports the US is probing whether it abused its clout. "Nvidia wins on merit, as reflected in our benchmark results and value to customers, who can choose whatever solution is best for them," a spokesperson for the Silicon Valley-based chip maker said in response to an AFP inquiry. While chip buyers do have options, Nvidia is considered the technology leader when it comes to AI chips even though rivals are working hard to compete. US antitrust officials are stepping up their look into whether Nvidia made it tough for customers to change to competitors' GPUs or other chips to power AI, according to a report by Bloomberg and other media. Legally binding questions have reportedly been sent to Nvidia and other chip companies as part of the US probe. The US Department of Justice did not immediately respond to a request for comment. The world's biggest tech companies have invested tens of billions of dollars into Nvidia's powerful AI chips and software in order to get their ChatGPT-style AI models up and running. Microsoft, Google, Meta, Tesla and Amazon all depend on Nvidia technology to train generative AI models and execute the heavy computing workloads needed to deploy the new technology. Nvidia last week said quarterly sales reached a higher than expected $30 billion in the last quarter, though that impressive growth was slower than the furious pace seen in previous quarters. Nvidia share price fell a sharp eight percent on Monday, as doubts emerged about the AI boom's resilience in a slowing US economy.

Nvidia says it plays fair in AI chip market

SAN FRANCISCO (AFP) - Nvidia on Tuesday defended its tactics in the hot market for chips to power artificial intelligence in the face of reports the US is probing whether it abused its clout. "Nvidia wins on merit, as reflected in our benchmark results and value to customers, who can choose whatever solution is best for them," a spokesperson for the Silicon Valley-based chip maker said in response to an AFP inquiry. While chip buyers do have options, Nvidia is considered the technology leader when it comes to AI chips even though rivals are working hard to compete. US antitrust officials are stepping up their look into whether Nvidia made it tough for customers to change to competitors' GPUs or other chips to power AI, according to a report by Bloomberg and other media. Legally binding questions have reportedly been sent to Nvidia and other chip companies as part of the US probe. The US Department of Justice did not immediately respond to a request for comment. The world's biggest tech companies have invested tens of billions of dollars into Nvidia's powerful AI chips and software in order to get their ChatGPT-style AI models up and running. Microsoft, Google, Meta, Tesla and Amazon all depend on Nvidia technology to train generative AI models and execute the heavy computing workloads needed to deploy the new technology. Nvidia last week said quarterly sales reached a higher than expected $30 billion in the last quarter, though that impressive growth was slower than the furious pace seen in previous quarters. Nvidia share price fell a sharp eight percent on Monday, as doubts emerged about the AI boom's resilience in a slowing US economy.

Plays fair in AI chip market, value customers: Nvidia - Times of India

Nvidia, the Silicon Valley-based chipmaker defended its strategies in the competitive market for chips to power artificial intelligence amid reports that the US is investigating whether the company has violated antitrust laws. "Nvidia wins on merit, as reflected in our benchmark results and value to customers, who can choose whatever solution is best for them," a spokesperson told AFP. Despite the availability of alternatives, Nvidia is widely regarded as the frontrunner in AI chip technology, although competitors are actively striving to challenge its position. According to Bloomberg and other media sources, US antitrust authorities are intensifying their scrutiny of Nvidia's practices, particularly whether the company has made it difficult for customers to switch to competitors' GPUs or other AI chips. As part of the investigation, legally binding questions have reportedly been sent to Nvidia and other chip manufacturers. The world's largest tech companies, including Microsoft, Google, Meta, Tesla, and Amazon, have invested heavily in Nvidia's advanced AI chips and software to develop and deploy their ChatGPT-style AI models. These companies rely on Nvidia's technology for training generative AI models and handling the intensive computing workloads required for the implementation of this new technology. Nvidia shares plummeted by 9.5% on Wednesday erasing $278.9 billion in market value -- the largest single-day loss for any US stock in history. The stock has now dropped 14% over three sessions since its earnings report fell short of high expectations. Nvidia's recent quarterly report announced sales reaching an impressive $30 billion, surpassing expectations, however, this growth was slower compared to the rapid pace observed in previous quarters. The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.