Artificial Intelligence (AI) based cryptocurrencies declined in the Asian trading session on Wednesday, following reports of Nvidia (NVDA) wiping out $280 billion from its market capitalization.
Artificial Intelligence tokens experienced major declines fueled by Nvidia's massive stock loss. Nvidia received a subpoena from the Department of Justice for an antitrust investigation. TAO, ASI and RENDER experienced the highest declines in the past 24 hours. Artificial Intelligence based cryptocurrencies declined in the Asian trading session on Wednesday, following reports of Nvidia wiping out $280 billion from its market capitalization.
The government puts these laws in place to regulate the conduct of organizations and prevent unjustified monopolies. Several AI tokens gained on Monday following partnership deals and a general market recovery. However, the token category's close relationship with NVDA has sparked losses within the sector. According to a post by The Kobeissi Letter on X, the DoJ is searching for evidence against Nvidia and several other AI chip manufacturers.
Nearprotocol Fetchai Render Thegraph
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
California partners with Nvidia to bring artificial intelligence resources to collegesThe state of California is partnering with tech giant Nvidia to help train California students, college faculty, developers and data scientists in artificial intelligence.
Read more »
California partners with Nvidia to bring artificial intelligence resources to collegesThe state of California is partnering with tech giant Nvidia to help train California students, college faculty, developers and data scientists in artificial intelligence.
Read more »
California partners with Nvidia to bring artificial intelligence resources to collegesThe state of California is partnering with tech giant Nvidia to help train California students, college faculty, developers and data scientists in artificial intelligence.
Read more »
Nvidia loses $263B after selloff; DoJ steps up antitrust probe into chipmakerNvidia loses $263B after selloff; DoJ steps up antitrust probe into chipmaker
Read more »
DOJ launches antitrust probe of Nvidia, following complaints from rivals, report saysNvidia accused of pressure tactics on customers to unfairly retain dominance in AI chip market, technology news site The Information reported.
Read more »
The Military Applications Of Artificial Intelligence In SpaceSpace has long been a critical domain of military strategy and operations and artificial intelligence (AI) is rapidly emerging as a game-changing force.
Read more »