NVIDIA has denied reports that it has received a subpoena from the Department of Justice citing antitrust concerns, saying it has 'inquired with the Department of Justice but has not received a subpoena.'



On September 4, 2024, it was reported that the U.S. Department of Justice (DOJ) had sent a subpoena under antitrust laws to NVIDIA, which has a huge dominance in the AI chip market. However, NVIDIA later denied the report, saying that it had not received a subpoena.

Nvidia (NVDA) Says It Has 'Not Been Subpoenaed' by DOJ - Bloomberg

https://www.bloomberg.com/news/articles/2024-09-04/nvidia-says-it-has-not-been-subpoenaed-by-justice-department



Nvidia did not receive a US Justice Department subpoena, spokesperson says | Reuters
https://www.reuters.com/technology/nvidia-did-not-receive-us-justice-department-subpoena-spokesperson-says-2024-09-04/

Nvidia denies it got subpoena from the US DOJ in AI antitrust investigation | Tom's Hardware
https://www.tomshardware.com/tech-industry/artificial-intelligence/nvidia-denies-it-got-subpoena-from-the-us-doj-in-ai-antitrust-investigation

On September 4, 2024, foreign media outlet Bloomberg reported that 'the DOJ has issued a binding subpoena to Nvidia as part of an antitrust investigation focused on Nvidia's dominance in the AI market.'

Nvidia (NVDA) Subpoenaed by Justice Department in Antitrust Investigation - Bloomberg
https://www.bloomberg.com/news/articles/2024-09-03/nvidia-gets-doj-subpoena-in-escalating-antitrust-investigation

The DOJ has been investigating NVIDIA for some time now, accusing the company of pressuring users to use its AI processors, putting competitors at a disadvantage and limiting customer choice, and engaging in anti-competitive behavior by making it difficult to switch to competing platforms. NVIDIA has denied these allegations.

In response to the reports, NVIDIA said it had 'inquired with the DOJ but no subpoena has been issued. Nevertheless, we are happy to respond to any concerns the DOJ may have about our business.'

According to NVIDIA, while the DOJ has not issued a formal subpoena, it has received requests for information and civil investigative demands (CIDs). A subpoena is a formal legal document that orders an individual or organization to produce documents, appear in court, or testify before a legal authority, and is legally binding. A CID, on the other hand, can request written answers to questions or oral testimony, but it is not legally binding because it is used only as part of information gathering to evaluate whether to take legal action.



'The DOJ has sent the CID to seek information about Nvidia's acquisition of Run:ai and its chip business,' one person said.

NVIDIA acquires GPU resource management tool developer 'Run:ai' - GIGAZINE



In response to the news, NVIDIA issued a statement saying, 'The company's dominance in the AI computing market comes from superior products. NVIDIA has many advantages over its competitors, as reflected in our benchmark results and the value we provide to our customers. However, customers also have the freedom to choose the solutions that are best for them.'

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in Note, Posted by log1r_ut