From Bloomberg, September 4:
- Bloomberg reported on the antitrust investigation Tuesday
- Nvidia says it has been in contact with the Justice Department
Nvidia Corp., responding to a Bloomberg News report about the US Department of Justice sending out subpoenas as part of an antitrust probe, said it has been in contact with the government agency but hasn’t been subpoenaed.
The DOJ often sends requests for information in the form of what’s known as a civil investigative demand, which is commonly referred to as a subpoena. The Department of Justice has sent such a request seeking information about Nvidia’s acquisition of RunAI and aspects of its chip business, according to one person with direct knowledge of the matter.
In its response to the story, Nvidia said that its edge in the AI computing market stems from the superiority of its products.
“Nvidia wins on merit, as reflected in our benchmark results and value to customers, and customers can choose whatever solution is best for them,” the company said in a statement, adding, “We have inquired with the US Department of Justice and have not been subpoenaed. Nonetheless, we are happy to answer any questions regulators may have about our business.”
In the probe, which Bloomberg previously reported in June, investigators have been contacting other technology companies to gather information. The DOJ’s San Francisco office is taking the lead running the inquiry, people familiar with the matter said. A representative for the DOJ declined to comment....
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Well that was an unfortunate $300 billion oopsie on Bloomberg's part.
Recently:
September 3"Nvidia Gets DOJ Subpoena in Escalating Antitrust Probe" (NVDA)
June 6
July 1
"US Agencies To Probe AI Dominance of Nvidia, Microsoft, and OpenAI" (NVDA; MSFT) plus: the all-purpose turnaround lives!
Hmmm...apparently something Intel doesn't have to worry about, 'AI dominance'. Nor ARM or AMD.
"Nvidia set to face French antitrust charges, sources say" (NVDA)
La perfidie!August 2Nvidia Responds To Calls For Antitrust Probe (NVDA)
I've never seen a response quite like this one, basically "Be not afraid."....
