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US eyes antitrust investigation against Nvidia as market value surpasses $3T

The AI chip manufacturer’s value surged past tech giant Apple this week to claim a spot as the second-most valuable company in the world.

Both the Department of Justice and the FTC have stressed that in the case of AI, they want to avoid a repeat of allowing social media and online advertising companies to grow unfettered, potentially hurting competition and leaving consumers worse off, Politico noted. The island is strategically important for chip makers and world governments seeking to advance AI —companies there produce vital components for the tech, including motherboards, servers, and cooling systems. During the first few days of the ongoing Computex conference in Taipei, Nvidia was notably courting more niche Taiwanese firms, a sign that these smaller companies “hold a key position in the global supply chain,” an analyst told Bloomberg.

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