Today NVIDIA is the company with the second highest market value in the world after overtaking Apple. They are still behind Microsoft but all three of these tech companies have a market value of over $3 trillion. NVIDIA's stock value has soared as their artificial intelligence (AI) chips and GPUs are now in high demand as hardware for training the latest AI models.
According to a report by The New York Times, the United States Department of Justice (DOJ) and the Federal Trade Commission (FTJ) have been granted permission to begin investigations into NVIDIA, Microsoft and OpenAI for alleged monopolistic practices in the AI industry.
The DOJ will investigate whether NVIDIA engaged in monopolistic practices over the hardware and software needed to train AI models. Last quarter, NVIDIA held 90% of the data center. Meanwhile the FTC will investigate Microsoft's $10 billion investment into OpenAI last January. An investigation will also be conducted into the $650 million deal between Microsoft and Inflection AI.