Chinese state television reports that China has opened an antitrust investigation into US chipmaker Nvidia. The investigation focuses on Nvidia's acquisition of Israeli networking company Mellanox, which China approved in 2020, marking the latest escalation in the US-China technology conflict. The probe comes after the US recently imposed new restrictions on memory chip sales to China. China responded by banning exports of critical chip materials like germanium and gallium. Nvidia, valued at over $3 trillion, is the world's second most valuable company and the leading supplier of AI chips. The company's stock dropped nearly 2 percent in premarket trading. Both countries are heavily investing in domestic chip production, with the US funding the CHIPS Act and China creating a new $47.5 billion state fund.
Hub AI and society
Artificial Intelligence is a key technology that can help us solve major societal challenges such as climate change, energy supply, healthcare, education or logistics. AI can solve specific problems more effectively by supporting us in decision-making, automating solutions and thus scaling them, or discovering completely new solutions. But the use of AI also poses new risks, for example when it comes to surveillance or questions of social justice.
What is our society doing with AI – and what is AI doing to our society? We shed light on this question in our AI and Society Content Hub.
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