French Authorities Raid Nvidia Offices Over Competition Concerns in Cloud Computing

Nvidia's offices in France were raided by the country's competition regulator as part of an investigation into anticompetitive practices.
The raid targeted Nvidia for its dominance of graphics cards used for AI, data centers, gaming, and cryptocurrency mining.
Regulators are concerned Nvidia could use its leading market position of 84% in graphics cards to hinder smaller cloud computing competitors.
The French Competition Authority raid aimed to gather evidence and prevent exclusion of new entrants into cloud services.
Nvidia has seen massive growth this year, with its valuation exceeding $1 trillion in June 2022.