Bloomberg reports that Nvidia’s antitrust investigation into AI is ‘gathering pace’

Reports indicate that the Justice Department’s antitrust investigation into Nvidia’s dominance in artificial intelligence as a hardware maker of choice is gaining momentum BloombergThe outlet reports that Nvidia and other companies have received legally binding requests for information as it says regulators are investigating whether Nvidia is “making it harder to switch to other suppliers and penalizing buyers who don’t exclusively use its AI chips.”

Earlier this summer, Nvidia overtook Microsoft as the world’s most valuable company, but now it’s trailing both Microsoft and Apple. The stock price fell more than 9 percent before the tender offer was announced Tuesday afternoon, wiping out about $279 billion in market value in a single day.