Is Nvidia abusing its market position?
That's the question EU regulators were asking themselves as they began taking a closer look into Team Green's market position, particularly in the wake of explosive interest in generative AI which has propelled
It all started with news of an early-morning raid on Nvidia's French offices, this past Tuesday, over
That's a hefty amount when you consider the
Trouble isn't just brewing in France though. Just days after the raid, Bloomberg News reported the European Commission was investigating whether market participants were abusing their position in the GPU market, particularly given the chips' prominence in powering the ongoing AI
takeover revolution. While it may sound like there is a healthy mix of GPU suppliers in the market, the truth is that Nvidia has a near monopoly in the space with its 80% share. The European Commission's investigation will likely predominantly involve the company and its role in AI chips, its price policy, the shortage of chips and its impact on prices, Reuters
The European Commission's *ahem*.. inquiries are still early-stage and might not necessarily result in a formal probe or penalties, the report said.
That said, gamers have
But where does that leave Nvidia competitors
That isn't to say that everything is in Nvidia's favor. A
AMD ranked #19 on HackerNoon's Tech Company Rankings this week.
👋 You’re reading part 1 of HackerNoon's Tech Company News Brief, a weekly collection of tech goodness that combines HackerNoon's proprietary data with internet trends to determine which companies are rising and falling in the public consciousness. Part 2 goes live tomorrow. Hate waiting? No problemo! Just subscribe here to receive the complete newsletter a day early in your inbox.
\In Other News.. 📰*
- AMD CEO Lisa Su on the AI revolution and competing with Nvidia — via
- Elon Musk's X Corp in another legal fight over unpaid rent, this time as plaintiff — via
- This is Financial Advice — via
- Google launches $399 Chromebook Plus category — via
- Atari 2600+ sees its future in retro gaming — via
- How AI works, in plain English: Three great reads — via
- Apple will issue a software update to address iPhone 15 overheating complaints — via
And that's a wrap! Don't forget to share this newsletter with your family and friends! See y'all next week. PEACE! ☮️
— Sheharyar Khan, Editor, Business Tech @ HackerNoon
*All rankings are current as of the time of publication. To see how the rankings have changed, please visit the Tech Company Rankings page.