From The Verge, September 28:
Nvidia’s France offices were raided by the country’s competition authority over concerns about anti-competitive practices, according to The Wall Street Journal.
Nvidia’s France offices were raided by the country’s competition authority this week, according to a report from The Wall Street Journal. While the French agency doesn’t mention Nvidia by name, it confirms it carried out a raid over concerns about anti-competitive practices in the graphics cards industry.
Sources tell the WSJ that French authorities specifically targeted Nvidia, which has seen demand for its chips skyrocket in recent months. Several companies, including Microsoft and OpenAI, have purchased thousands of the company’s high-end AI chips to power large language models.
That massive demand resulted in a lot more money for Nvidia. The chipmaker reported earning a record revenue of $13.51 billion in its latest report, marking a 101 percent increase at the same time last year. Nvidia’s valuation briefly crossed the trillion-dollar mark in May as a result of the AI boom....
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And the post immediately below:"Billionaire Xavier Niel Invests €200 Million in French AI Push"
- The tycoon plans a future research lab to be located in Paris
- His cloud group partners with Nvidia for supercomputing power
