From Tekedia: 2024-06-07 17:07:10

The FTC and Justice Department will investigate Nvidia, OpenAI, and Microsoft for potential AI monopoly. Concerns about market control led to the probe, focusing on computing power, data, engineering talent, and hardware use in AI. The goal is to ensure fair competition, promote innovation, and protect consumer interests in the AI industry.

The antitrust probe targets Nvidia’s dominance through GPUs and OpenAI’s collaboration with Microsoft, reflecting concerns about potential monopolistic practices. The investigation aims to prevent sole market control by tech giants, fostering diversity and competition in AI products and services. Recent warnings about AI risks and lack of oversight have further spurred regulatory action for consumer protection.

Current and former AI industry employees express concerns in an open letter about the serious risks posed by AI technologies and the lack of effective oversight. The risks range from inequalities to the loss of control over autonomous AI systems. The government’s decision to investigate Nvidia, OpenAI, and Microsoft in an antitrust probe highlights the critical need for regulation and oversight in the AI industry to balance innovation with ethical and consumer protection concerns.



Read more at Tekedia: AI Monopoly: U.S to Open Antitrust Probes Into Nvidia, OpenAI and Microsoft