US antitrust enforcers investigating Microsoft, Nvidia, and OpenAI for monopolistic behavior in AI industry

From Associated Press: 2024-06-06 14:10:00

U.S. antitrust enforcers to investigate Microsoft, Nvidia, and OpenAI in the artificial intelligence boom. DOJ to probe Nvidia, FTC to scrutinize Microsoft and OpenAI. Agencies signal tougher scrutiny of Big Tech due to monopolistic behavior concerns in AI industry. President Biden’s push for oversight amplifies regulator actions. (47 words)

FTC chair Lina Khan vows scrutiny of deals enabling dominant firms to exert undue influence. Inquiries into relationships between AI startups like OpenAI, Anthropic, and cloud giants Amazon, Google, and Microsoft announced. Focus on fair competition and privileged access concerns in AI industry investments. (44 words)

Microsoft’s close relationship with OpenAI under scrutiny for providing vast computing resources. Nvidia’s AI chips in high demand, driving stock to over $3 trillion market value. Nvidia stands as one of the most valuable S&P 500 companies. Associated Press writer Michael Balsamo contributed to the report. (45 words)



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