Nvidia

Nvidia Complies with New Export Regulations Amid $5.5 Billion Loss and Intensified Congressional Scrutiny

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TAICHUNG, Taiwan — Amid regulatory challenges and unsettling stock tumbles, Nvidia Corp. finds itself navigating a complex landscape after revealing a substantial $5.5 billion cost from canceled chip orders. The Silicon Valley-based chipmaker announced these costs following a new licensing requirement from the U.S. government restricting exports of its H20 artificial intelligence chip to China. Jensen Huang, co-founder and CEO of Nvidia, emphasized the company’s adherence to governmental directives during an event in Taichung. The move comes as the U.S. increases scrutiny over technology exports to China, citing national security concerns. Nvidia’s H20 chip, which … Read more

Judge Calls for Further Details, Declining $2.5 Million Settlement in NVIDIA 401(k) Lawsuit

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SAN JOSE, Calif. — A U.S. District Judge has recently dismissed a proposed settlement in a lawsuit alleging mismanagement of NVIDIA’s 401(k) plan. The $2.5 million agreement did not suffice for Judge Edward Davila, located in San Jose, who has requested additional information before approving the deal. The lawsuit, initiated by employees participating in the technology company’s 401(k) plan, accused plan administrators of several missteps, including the failure to properly oversee the plan, resulting in excessive fees and underperforming investments. The legal battle underscores the growing scrutiny over how retirement plans are managed, particularly in … Read more

China Launches Antitrust Investigation Into Nvidia, Heightening Tensions in US Chip Sector

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Beijing, China — China has initiated an antitrust investigation into American technology giant Nvidia Corp., casting a shadow over the escalating tension between the United States and China concerning technological supremacy, particularly in the competitive semiconductor industry. This move underscores a widening rift over critical technology and trade, as geopolitical conflicts increasingly manifest in the tech sector. The scrutiny from Chinese regulators zeroes in on Nvidia’s proposed acquisition of British chip designer Arm Ltd. This deal, valued at $40 billion, stands as a significant test of China’s tolerance for American dominance in chip technology, amid … Read more

Nvidia Faces Copyright Lawsuit for Alleged Unauthorized Use of Books in Training AI Platform

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Santa Clara, California – Nvidia, a prominent AI-focused company, is facing a copyright lawsuit filed by a group of authors who claim that the company used copyrighted books without their permission to train its NeMo AI platform. The authors, Brian Keene, Abdi Nazemian, and Stewart O’Nan, allege that their books were included in a dataset of around 196,640 works that were used to train NeMo in simulating normal written language. The dataset was later removed due to reported copyright infringement. The lawsuit argues that the removal of the books from the dataset is an admission … Read more