French authorities raided Nvidia’s offices as part of an antitrust investigation into the cloud computing sector. The regulator is concerned that large cloud firms could use their dominance to hinder smaller players. While companies rely on Nvidia’s AI chips, its market share was estimated to be over 90% by analysts at Citi, highlighting its dominance in this area. The raid on Nvidia comes months after a report by the Competition Authority recommended monitoring established companies for potential hindrance of new entrants using emerging technologies like AI. As demand grew for Nvidia’s components, its valuation surpassed $1 trillion in June. The inquiry focuses on Nvidia but is part of a larger examination of anticompetitive practices in cloud computing.
Nvidia’s overwhelming market share in AI chips appears to have triggered scrutiny from French regulators.
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