From Fortune Magazine: 2024-06-14 17:42:00

U.S. FTC Chair Lina Khan targets big tech’s AI goals, comparing them to a mob. She focuses on cases driving the most harm, prioritizing actions against top players rather than lower-level participants.

Khan, appointed by Biden in 2021, made headlines by banning non-compete agreements and blocking major mergers. The FTC recently challenged Microsoft’s investment in OpenAI, expressing concerns about fair competition in the AI industry.

Critics like Yale’s Jeffrey Sonnenfeld and CNBC’s Jim Cramer are skeptical of Khan’s aggressive antitrust actions. However, Khan remains steadfast in her pursuit of breaking up monopolies to promote competition and innovation in the market.

At a recent conference, Khan emphasized the importance of supporting startups and entrepreneurs to drive innovation and competitiveness instead of protecting established “national champions.” She cited historical antitrust cases that led to increased innovation after breaking up monopolies, urging a similar approach today.



Read more at Fortune Magazine: FTC chair Lina Khan plans to go after Big Tech’s ‘mob boss’ instead of ‘the henchmen at the bottom’—targeting AI giants OpenAI, Microsoft, and Nvidia