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Stockreport

AI Will Fuel Antitrust Fires, Big Tech's German Nemesis Warns [BNN Bloomberg (Canada)]

NVIDIA Corporation (NVDA)  More Company Research Source: BNN Bloomberg
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
AI systems will become a closed shop and users won't be able to escape to look for alternatives, Mundt warned at the annual press conference of his agency, the Federal Cartel Office. He said that together with their counterparts in countries like France or the European Union, German regulators are now looking at how to tackle the nightmare. AI is a “first-class fire accelerator” for anti-competitive tactics and “will make all the problems only worse,” Mundt said. “There's a great danger that we'll will get an even deeper concentration of digital markets and power increase at various levels, from chips to the front end” where tech interacts with users. While Mundt namechecked Nvidia Corp., maker of the gold standard graphics chip for training AI models, he didn't indicate that the company was a specific target and he said his office hasn't yet opened a AI-specific probe. However, his concerns play a role in the pending probe on whether the Federal Cartel Office will put Microsof [Read more]
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Stockreport

AI Will Fuel Antitrust Fires, Big Tech's German Nemesis Warns [BNN Bloomberg (Canada)]

NVIDIA Corporation  (NVDA) 
More Company Research Source: BNN Bloomberg
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
AI systems will become a closed shop and users won't be able to escape to look for alternatives, Mundt warned at the annual press conference of his agency, the Federal Cartel Office. He said that together with their counterparts in countries like France or the European Union, German regulators are now looking at how to tackle the nightmare. AI is a “first-class fire accelerator” for anti-competitive tactics and “will make all the problems only worse,” Mundt said. “There's a great danger that we'll will get an even deeper concentration of digital markets and power increase at various levels, from chips to the front end” where tech interacts with users. While Mundt namechecked Nvidia Corp., maker of the gold standard graphics chip for training AI models, he didn't indicate that the company was a specific target and he said his office hasn't yet opened a AI-specific probe. However, his concerns play a role in the pending probe on whether the Federal Cartel Office will put Microsof [Read more]
IMPACT SNAPSHOT
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NVDA
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Price Change %
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%
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Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
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%
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