Why the heck is the U.S. Securities and Exchange Commission getting involved in this? Big Government watching you! These charges against Nvidia seem to be dubious!
Why would the company even know for sure what exactly its GPUs are being used for?
Would such disclosure the SEC is requesting not amount to speculative information?
"Nvidia will pay $5.5 million to settle charges that it unlawfully obscured how many of its graphics cards were sold to cryptocurrency miners. ..."
"The Securities and Exchange Commission today announced settled charges against technology company NVIDIA Corporation for inadequate disclosures concerning the impact of cryptomining on the company’s gaming business.
The SEC’s order finds that, during consecutive quarters in NVIDIA’s fiscal year 2018, the company failed to disclose that cryptomining was a significant element of its material revenue growth from the sale of its graphics processing units (GPUs) designed and marketed for gaming. ...
NVIDIA had information, however, that this increase in gaming sales was driven in significant part by cryptomining. ..."
NVIDIA had information, however, that this increase in gaming sales was driven in significant part by cryptomining. ..."
Credits: Synced Global AI Weekly
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