Nvidia has been served with subpoenas by the Justice Department as part of its ongoing investigation into potential antitrust violations.
Nvidia has been served with subpoenas by the Justice Department as part of its ongoing investigation into potential antitrust violations by the Silicon Valley chipmaker that has dominated the artificial intelligence market.
The antitrust watchdog had previously delivered questionnaires, and has now sent legally binding requests to Nvidia, according to Bloomberg News.
The report added that other companies had also received subpoenas.
Nvidia declined to comment on the report, but said that it would provide any information that regulators require.
“We compete based on decades of investment and innovation, scrupulously adhering to all laws, making Nvidia openly available in every cloud and on-prem for every enterprise, and ensuring that customers can choose whatever solution is best for them,” a Nvidia spokesperson told Reuters.
Nvidia on Tuesday suffered a $279 billion loss off of its market capitalization after the company’s stock fell by nearly 10% as investors dampened their optimism about AI amid a global selloff on Tuesday.
