In response to reports that the US is looking into whether Nvidia misused its influence, the company defended its strategies on Tuesday in the competitive market for chips that power AI.
“Nvidia wins on merit, as reflected in our benchmark results and value to customers, who can choose whatever solution is best for them,” a spokesperson for the Silicon Valley-based chip maker said.
Even though competitors are making a lot of effort to compete, Nvidia is still regarded as the technology leader when it comes to Al chips, even though purchasers have options.
US antitrust authorities are intensifying their investigation into whether Nvidia made it difficult for users to switch to GPUs from competitors or other chips to power Al
As part of the US investigation, Nvidia and other chip companies have apparently received legally enforceable questions.
A request for comment from the US Department of Justice was not immediately answered.
To get their ChatGPT-style Al models up and running, the largest IT corporations in the world have poured tens of billions of dollars into Nvidia’s potent Al processors and software.
To train generative Al models and carry out the demanding computational workloads required to implement the new technology, Microsoft, Google, Meta, Tesla, and Amazon rely on Nvidia technology.
Nvidia said last week that its quarterly sales for the most recent quarter exceeded expectations by $30 billion, albeit at a slower rate than the explosive increase of the preceding quarters.
On Monday, Nvidia’s stock price dropped precipitously by 8% as concerns about the Al boom’s sustainability in the face of a faltering US economy surfaced.
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