Nvidia has denied a report that it received a subpoena from the Department of Justice (DOJ) as part of an antitrust probe. The claim, which came from Bloomberg, sent Nvidia’s share price crashing further.
According to Bloomberg’s report, DOJ officials subpoenaed Nvidia and companies including AMD and Intel as part of its antitrust investigation. The investigation looks into whether Nvidia is abusing its dominating position in the AI market.
The report stated that there were concerns Nvidia could be giving preferential supply and pricing to customers who use its technology exclusively or buy its complete systems. It also alleged that Nvidia threatened to cut off or delay orders for customers buying AI chips from rivals.
Nvidia has denied Bloomberg’s report, saying that it enquired with the DoJ to confirm it has not been subpoenaed. The company added that it is happy to answer any questions regulators may have about its business.
The DOJ has not said which companies are part of its investigation, but some firms have received subpoenas. The DOJ launched a probe into whether Nvidia used anti-competitive tactics to maintain its grip on the AI market last month. Regulators are also investigating whether Nvidia pushed cloud providers into making bundled purchases.
Nvidia is cooperating with the investigation and is open to answering any questions regulators may have. The outcome of the investigation is still uncertain, but Nvidia’s denial of the subpoena has provided some relief for the company.
Nvidia has found itself at the center of a potential antitrust probe, with the Department of Justice (DOJ) investigating whether the company is abusing its dominating position in the AI market. The drama started when Bloomberg reported that Nvidia had received a subpoena from the DOJ as part of its investigation. However, Nvidia has now denied this report, stating that it has not received a subpoena.
According to the report, the DOJ was investigating whether Nvidia was giving preferential supply and pricing to customers who use its technology exclusively or buy its complete systems. Additionally, the acquisition of Israeli AI startup Run:ai was also under scrutiny, with concerns that it could lock Run:ai customers into using Nvidia chips.
Nvidia has denied the subpoena, and a company representative stated that it is happy to answer any questions regulators may have about its business. The investigation is ongoing, and the DOJ has not confirmed whether Nvidia is part of the probe.