{"id":165161,"date":"2023-09-29T16:47:01","date_gmt":"2023-09-29T11:17:01","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=165161"},"modified":"2023-09-29T16:47:01","modified_gmt":"2023-09-29T11:17:01","slug":"french-regulators-raid-nvidia-amid-fears-of-anticompetitive-practices-in-graphics-card-industry-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/french-regulators-raid-nvidia-amid-fears-of-anticompetitive-practices-in-graphics-card-industry-crypto-news\/","title":{"rendered":"French regulators raid Nvidia amid fears of anticompetitive practices in graphics card industry &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p>French regulators recently raided a corporation involved in anticompetitive activities within the graphics card industry. A Sept. 28 report from <em>The Wall Street Journal<\/em> identified the corporation as <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/companies\/nvidia\/\">Nvidia<\/a>.<\/p>\n<p>In a Sept. 27 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.autoritedelaconcurrence.fr\/en\/press-release\/general-rapporteur-autorite-de-la-concurrence-indicates-unannounced-inspection-was\">press statement<\/a>, France\u2019s antitrust agency Autorit\u00e9 de la Concurrence revealed it received authorization from a judge to raid \u201cthe premises of a company suspected of having implemented anticompetitive practices in the graphics cards sector.\u201d<\/p>\n<p>Meanwhile, Autorit\u00e9 stated that its raid of the company does not \u201cpre-suppose the existence of a breach of the law which could be imputed to the company involved in the alleged practices.\u201d<\/p>\n<p>Nvidia has yet to respond to <em>CryptoSlate\u2019s<\/em> request for comment as of press time.<\/p>\n<h2>Cloud computing concerns<\/h2>\n<p>The raid was part of broader <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.autoritedelaconcurrence.fr\/en\/press-release\/cloud-computing-autorite-de-la-concurrence-issues-its-market-study-competition-cloud\">concerns<\/a> that cloud-computing companies were using their access to computing power to exclude smaller competitors. It said:<\/p>\n<blockquote>\n<p>\u201cCompetition authorities will have to monitor that established players do not hinder the development of smaller or new players based on these technologies.\u201d<\/p>\n<\/blockquote>\n<p>In June, the regulator published a report that showed that Amazon Web Services (AWS), Google Cloud, and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/leaked-documents-reveal-microsofts-plans-to-bring-crypto-wallets-to-xbox\/\">Microsoft<\/a> Azure controlled more than 70% of the market.<\/p>\n<p>According to the regulator, these companies, referred to as hyperscalers, are in a position to hinder their competition development as they were responsible for around 80% of the spending on public cloud infrastructures and applications in 2021.<\/p>\n<p>However, Autorit\u00e9 stated that it has the tools to protect competition within the space and ensure proper regulations.<\/p>\n<p>While the above report does not mention Nvidia, the chipmaker has come under the authorities\u2019 attention because it is the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/nvidia-reports-record-13b-revenue-in-q2-2023-as-ai-tech-industry-booms\/\">dominant player<\/a> in its sector, scoring notable <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nvidia.com\/en-us\/data-center\/gpu-cloud-computing\/\">partnerships<\/a> with the aforementioned companies to<\/p>\n<p>Observers have suggested it could control as much as 90% of the market when it begins to launch newer, more powerful hardware versions.<\/p>\n<p>The post <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/french-regulators-raid-nvidia-amid-fears-of-anticompetitive-practices-in-graphics-card-industry\/\">French regulators raid Nvidia amid fears of anticompetitive practices in graphics card industry<\/a> appeared first on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\">CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>French regulators recently raided a corporation involved in anticompetitive activities within the graphics card industry. A Sept. 28 report from The Wall Street Journal identified the corporation as Nvidia. In a Sept. 27 press statement, France\u2019s antitrust agency Autorit\u00e9 de la Concurrence revealed it received authorization from a judge to raid \u201cthe premises of a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":165162,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-165161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/165161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=165161"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/165161\/revisions"}],"predecessor-version":[{"id":165163,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/165161\/revisions\/165163"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/165162"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=165161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=165161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=165161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}