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AI Giants OpenAI and Microsoft Routed By FTC, DOJ On Antitrust Concerns – Crypto News

Published

12 months ago

June 6, 2024

Dripp

The US Federal Trade Commission (FTC) and the Department of Justice (DOJ) are expected to open antitrust probes into Microsoft and OpenAI as well as a review of Nvidia to combat their dominance in the artificial intelligence (AI) market.

As per the recent report, the examination will concern these companies’ behavior in the AI field.

Microsoft, OpenAI, Nvidia Face DOJ and FTC Investigation

These researches mainly focus on the activities of these technology companies especially their behaviors and actions more than the mergers and acquisitions. The FTC will lead the investigation of Microsoft and OpenAI, while the DOJ will focus on Nvidia.

This action points to increasing concerns from the regulators on the possibility of market power abuse that may lead to the stifling of competition in the emerging AI market.

Among the companies, Microsoft has been also receiving much attention in this regard due to its huge investment around $13 billion in OpenAI since 2019 as well as cooperation in many AI projects including Microsoft Copilot. The FTC is also investigating Microsoft’s recent $650 million acquisition of AI startup Inflection AI that initially did not meet merger disclosure requirements.

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