From Yahoo Finance: 2024-06-06 00:47:00

The U.S. Justice Department and FTC are investigating Microsoft, OpenAI, and Nvidia for antitrust violations in the AI industry. Microsoft invested $13 billion in OpenAI, prompting scrutiny in other regions. The FTC is also looking into Microsoft’s $650 million deal with AI startup Inflection AI, signaling increased regulatory oversight in the industry. Last week, U.S. antitrust chief Jonathan Kanter raised concerns about AI technology’s impact. No comments from the companies mentioned were immediately available.



Read more at Yahoo Finance: US regulators to open antitrust inquiries of Microsoft, OpenAI and Nvidia, NYT reports