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Authorities from the French Competition Authority have affirmed that the antitrust investigation into NVIDIA, the AI chip behemoth, is approaching its conclusion. Regulatory bodies are poised to release a formal statement of objections in the near future, alleging that the company has engaged in practices that stifle market competition. The inquiry commenced in 2023, marked by an unexpected inspection of NVIDIA's French subsidiary by regulators. The focus of the investigation was NVIDIA's overwhelming dominance in the global markets for GPUs and AI cloud computing. In accordance with French antitrust laws, should NVIDIA be deemed to have breached regulations, it could be subject to a fine amounting to as much as 10% of its annual global revenue.
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