French Finance Minister Warns of Nvidia’s AI Market Monopoly
French Finance Minister Bruno Le Maire has cautioned that Nvidia Corp.’s stronghold in artificial intelligence is leading to “increasing disparities” among nations and impeding fair competition.
“One single country with all the technologies, all the private companies, all the equipment and all the skills would be a failure for all of us,” Le Maire told reporters at the UK’s AI Security Summit at Bletchley Park in the north. From London. He said 92 percent of the graphics processing units — the artificial intelligence accelerators — are owned by Nvidia.
Bloomberg reported in September that the European Union is investigating alleged anti-competitive abuses in chips used in artificial intelligence, a market dominated by Nvidia Corp. The US company’s dominant role in supplying chips for artificial intelligence tasks has come under closer scrutiny from regulators. The company’s graphics processing units, which first became popular in video games, are increasingly important in new systems used to train large language models and other types of artificial intelligence software.
“I think if you want fair competition, you need many private companies and not one company that has the ability to sell all the equipment,” Le Maire said.
The EU is in the final stages of passing legislation regulating artificial intelligence, and it wants to encourage its own companies to achieve a similar market position to that seen by Nvidia and OpenAI.
On Wednesday, France, the US and China signed a joint statement on artificial intelligence with 25 other countries at a UK summit. France will hold the next meeting in 2024.
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