11:10 AM EDT, 09/06/2024 (MT Newswires) -- Nvidia's ( NVDA ) influence over the development of artificial intelligence poses economic risks, Sen. Elizabeth Warren has told the Department of Justice, according to a Business Insider report Friday.

"Allowing a single company so much influence over AI research, development, and monetization poses dire economic risks," Warren said in a letter sent to Assistant Attorney General Jonathan Kanter on Thursday, according to Business Insider

Warren expressed support for the DOJ's apparent antitrust investigation into Nvidia ( NVDA ) after the agency reportedly sent legal requests to Nvidia ( NVDA ) and other firms, the report said. On Wednesday, Nvidia ( NVDA ) said it has not been subpoenaed by the DOJ.

In a statement emailed to MT Newswires, a Nvidia ( NVDA ) spokesperson said the company "wins on merit, as reflected in our benchmark results and value to customers, who can choose whatever solution is best for them."

The spokesperson added that "we compete based on decades of investment and innovation, designing GPU, CPU, networking, and software for accelerated computing and AI, scrupulously adhering to all laws, and making Nvidia ( NVDA ) openly available in every cloud and on-prem for every enterprise."

Warren's press staff didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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