Warren Throws Support Behind Department of Justice Probe Into AI Chipmaker Nvidia, Underscores Need for Comprehensive Investigation

Press Release

“I welcome the reports that the Department of Justice (DOJ) has opened an antitrust investigation into Nvidia, whose blockbuster growth has made it one of the world’s largest companies. While this growth has been primarily driven by the recent AI boom, it has been supercharged by Nvidia’s use of anticompetitive tactics that have choked off competition and chilled innovation. Nvidia has shown that it is not committed to fair play. As Nvidia cements its dominance, venture funders are investing less in companies attempting to build competing chips. Indeed, the number of U.S. venture funding deals for AI chips fell approximately 80% between 2022 and 2023. Without the intervention of U.S. regulators, the prospects of restoring competition in the semiconductor market are bleak. They will only grow bleaker as Nvidia approaches 100% ownership of the market, and as it begins pouring money into lobbying alongside the conventional Big Tech players to shape the contours of AI regulation and lock in its advantage.”

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