At daybreak on Wednesday, French antitrust authorities carried out a shock raid on an organization within the nation that focuses on graphics playing cards – reportedly The Wall Street Journal And Challenges Enterprise Journal, that firm was NVIDIA. We have reached out to NVIDIA for clarification and a spokesperson declined to remark. Here is what we all know for positive:
The French Competitors Authority carried out a shock raid early Wednesday morning on “an organization suspected of anticompetitive practices within the graphics card sector,” French authorities stated. Brief press release From the organizer. The raid was linked to Greater investigation Within the well being of the cloud computing market, with a give attention to figuring out whether or not new firms are being unfairly squeezed by bigger firms. The outcomes of this investigation had been revealed in June, and centered on three “hyperscalers”: Amazon Net Providers, Google Cloud, and Microsoft Azure.
“The potential for a brand new operator to have the ability to acquire market share rapidly seems restricted, apart from firms which might be already sturdy in different digital markets,” the findings learn partially. NVIDIA was not talked about within the authentic cloud investigation.
NVIDIA has seen main monetary success this 12 months amid the AI increase. NVIDIA’s AI chips and knowledge facilities are in excessive demand, and the corporate smashed its newest earnings forecast, producing $13.51 billion within the second quarter of 2023, in comparison with $6.7 billion in 2022.
Because the French Competitors Authority notes, the raid doesn’t imply that the focused firm is responsible of anticompetitive practices – however it’s a transfer of confidence from the regulator.