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On Wed, 4 Sept, 8:01 AM UTC
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[1]
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.
[2]
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.
[3]
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.
[4]
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.
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Nvidia, the leading AI chip manufacturer, asserts its commitment to fair competition in the rapidly growing AI chip market. The company responds to concerns about its market dominance and pricing strategies.
Nvidia, the world's most valuable chipmaker, has found itself at the center of attention as regulators and industry observers scrutinize its dominant position in the artificial intelligence (AI) chip market. The company, valued at $1.73 trillion, has seen its stock price soar by 40% this year, largely due to the surging demand for its AI chips 1.
In response to growing concerns about its market practices, Nvidia has publicly stated that it "plays fair" in the AI chip market. The company's chief financial officer, Colette Kress, emphasized their commitment to fair competition during Morgan Stanley's Technology, Media, and Telecom conference 2.
Kress addressed questions about Nvidia's pricing strategies, stating that the company values its customers and aims to provide them with the best possible solutions. She highlighted that Nvidia's success is closely tied to the success of its customers in the AI field 3.
The AI chip market has seen explosive growth, with Nvidia's H100 chip becoming a crucial component for companies developing large language models and other AI applications. Despite its current dominance, Nvidia faces increasing competition from rivals such as Advanced Micro Devices (AMD) and Intel, who are working to develop their own AI chips 4.
As Nvidia's market influence grows, regulators are paying close attention to the company's practices. The U.S. Federal Trade Commission has reportedly opened an investigation into Nvidia's market position, although the specific details of this inquiry remain undisclosed 1.
Despite the scrutiny, Nvidia remains optimistic about its future in the AI chip market. The company continues to invest in research and development to maintain its technological edge. However, as the market evolves and competition intensifies, Nvidia will likely face ongoing challenges in balancing its market leadership with regulatory expectations and fair competition practices 2.
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The U.S. Department of Justice has issued a subpoena to Nvidia as part of a widening antitrust probe into the AI chip market. This move signals increased scrutiny of Nvidia's dominant position in the rapidly growing artificial intelligence industry.
21 Sources
21 Sources
The U.S. Department of Justice has initiated an antitrust investigation into Nvidia, the leading AI chip manufacturer, following complaints from rivals about its sales practices. The probe focuses on Nvidia's potential monopolistic behavior in the AI chip market.
13 Sources
13 Sources
Nvidia, the leading AI chip manufacturer, is reportedly under antitrust investigation by the U.S. Department of Justice. The probe focuses on the company's market dominance in AI chips and its partnerships with other tech firms.
3 Sources
3 Sources
China's market regulator investigates Nvidia for alleged antitrust violations, focusing on its 2020 Mellanox acquisition, as tensions rise in the global AI chip market. The probe comes amid ongoing trade disputes between the US and China over advanced technology exports.
24 Sources
24 Sources
The European Union's antitrust regulators are investigating Nvidia's sales practices, focusing on potential product bundling that could give the AI chipmaker an unfair advantage in the market.
3 Sources
3 Sources
