France's antitrust investigation into Nvidia is coming to a close, with the company facing a potential 10% global annual revenue fine.

Officials from the French Competition Authority have confirmed that the antitrust investigation against the AI chip giant Nvidia is nearing completion. The regulatory agency is likely to issue a formal statement of objections soon, accusing the company of multiple anti-competitive practices. The investigation began in 2023, when the regulatory agency conducted a surprise inspection of Nvidia's French subsidiary, focusing on Nvidia's dominant position in the global GPU and AI cloud computing race. According to French antitrust laws, if found guilty, Nvidia could face a hefty fine of up to 10% of its annual global revenue.