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Investors accuse Nvidia of unlicensed AI training and misleading SEC filings

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Plaintiff Jessica Berliner alleges Nvidia trained large language and voice-cloning models on pirated books, YouTube videos and thousands of hours of speech without licenses or consent. She says company officers used SEC proxy statements touting security and trustworthy AI while omitting disclosures, and that a 2026 SEC report repeated the omissions. The alleged misleading claims drove an inflated stock price, which surged after a share repurchase.

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