French antitrust authorities conducted a surprise raid on a graphics card company this week — and reports say that company was NVIDIA.
into the health of the cloud computing market, with a focus on identifying whether new companies were being unfairly squeezed out by larger, existing ones. The results of that investigation were published in June and they centered on three"hyperscalers," Amazon Web Services, Google Cloud and Microsoft Azure.
The results read, in part,"The likelihood of a new operator being able to gain market share rapidly appears limited, excluding companies who are already powerful in other digital markets." NVIDIA is not mentioned in the original cloud investigation. NVIDIA has seen significant financial success this year amid the AI boom. NVIDIA's AI chips and data centers are in high demand, and the company crushed its most recent earnings expectations, pulling inAs the French Competition Authority noted, a raid does not mean the targeted company is guilty of anticompetitive practices — but it's a confident step from the regulatory body.
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