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.