$NVIDIA (NVDA.US)$ Nvidia faces French antitrust lawsuit wi...

2024 July 02

(Paris 2nd) Artificial intelligence (AI) chip giant Nvidia (Nvidia) will be charged by the French antitrust supervisory authority for suspected anti-competitive behavior, which will make the French authorities the first law enforcement agency to take action against Nvidia.
French regulators released a report on generative artificial intelligence competition on June 28, referring to the risk of misuse by chip suppliers.
Regulators expressed concern over the chip industry's reliance on Nvidia CUDA chip programming software, and mentioned Nvidia's recent investment in cloud service providers such as CoreWeave that focus on artificial intelligence, and regulators are also uneasy.
Companies that violate French antitrust rules may face fines of 10% of their global annual turnover, but these companies can also make concessions to avoid fines.