Nvidia's places of work raided by way of antitrust enforcers in France

What simply passed off? Nvidia's workplaces in France have been raided by way of the united states's antitrust enforcers over suspicions of anticompetitive practices. While the likes of Google and Apple have lengthy fought anticompetitive charges from regulators, this will be the first time Team Green, which has seen its inventory skyrocket for the reason that AI growth started out, has been accused of such matters.

The Wall Street Journal writes that the French competition authority did now not name the region that have been focused in the dawn raid this week. However, the enterprise said in a press launch that it became "a company suspected of having implemented anticompetitive practices in the photographs playing cards area." People familiar with the problem stated Nvidia changed into the difficulty of the raid.

The WSJ writes that those sorts of raids occur first aspect inside the morning and generally contain authorities seizing a enterprise's premises and physical and digital substances, as well as interviewing employees who arrive for paintings.

Few groups have benefited from the surge in call for for generative AI as much as Nvidia. The employer's revenue for Q2 FY2024 got here in at a huge $thirteen.Five billion, marking a one hundred and one% increase in comparison to the equal period one year earlier. Most of that quantity ($10.32 billion) got here from its data center-class GPUs used in AI systems - any other record and more than double what the equal category earned in the previous quarter.

Thanks to the high margins it makes on data center cards – Nvidia generates up to at least one,000% income on every H100 GPU sold – the business enterprise made $6.1 billion in income at some stage in the region, up 843% YoY and extra than triple what it made at some stage in the previous area. The outcomes suggest Nvidia has now moved past Qualcomm to become the arena's maximum-earning fabless chip fashion designer.

The French authority stated it conducted the raid following an investigation into the cloud-computing sector, which examined worries that smaller agencies have been being unfairly pushed out through large firms with get admission to to extra computing strength. The consequences of that inquiry, published in June, centered on the three "hyperscalers" dominating the enterprise: Amazon Web Services, Google Cloud, and Microsoft Azure. Nvidia isn't noted in the research.

The French business enterprise emphasizes that dawn raids "do now not pre-assume the existence of a breach of the regulation," adding that "only a full research" could determine if any crimes were committed.