US Supreme Court fired This is the NVIDIA case, which we previously agreed to hear was “approved on the fly.” In other words, “Oops, we should never have taken this.” This decision allows most of the lawsuits filed by shareholders against the chip maker to proceed.
Investment firms and pension funds have filed lawsuits against Nvidia, claiming the company misled investors about its dependence on the cryptocurrency mining industry. The lawsuit alleges that NVIDIA previously hid its reliance on the market. 2018 crash This sent the chipmaker’s stock price plummeting. (For better or worse, cryptocurrencies have rebounded, Bitcoin recently passed the $100,000 plateau. For the first time.)
The court’s unanimous dismissal reflected its apparent aversion to hearing the complex technical details of the case. A decision was made: “The writ of certiorari is dismissed as granted extemporaneously.” The language was identical to a strikingly similar language. dismissal SCOTUS last month took the case against Meta, accusing it of defrauding investors.
Trusted news and daily fun right in your inbox
See for yourself — Yodel is your source for daily news, entertainment and feel-good stories.
washington post report The justices hinted at an NVIDIA dismissal when they heard arguments in mid-November. “It’s becoming increasingly clear why we took this case and why you must win,” said Justice Elena Kagan. new york times says Court members across the ideological spectrum found these arguments frustrating. “This is a very technical topic,” Justice Samuel Alito said at one point. “You seem to be asking us to engage in the kind of analysis that we are not good at and that we did not expect to see when we took on this case,” Kagan said.
As the visible and very high stakes of AI Legal and ethical questions come to mindWe can take solace in the fact that the highest court of the world’s most powerful country sounds completely uninterested in the technical details that often make Big Tech’s head spin. In this case, at least, the stakes are much lower, affecting only the finances of incredibly wealthy companies and a group of (presumably wealthy) Wall Street investors.
