Axios
4 months agoArtificial intelligence
FTC opens investigation into Big Tech stakes in hot AI startups
The Federal Trade Commission (FTC) is launching an investigation into competition in the AI industry and has ordered Alphabet/Google, Microsoft, Amazon, OpenAI, and Anthropic to provide information about their investment deals.
The investigation aims to examine corporate partnerships and investments with AI providers and determine their impact on the competitive landscape.
The FTC wants to ensure that tech giants are not using large investments to bypass traditional reviews and stifle competition in the AI industry. [ more ]