Welcome to Extreme Investor Network, where we provide you with unique and valuable insights into the world of finance. Today, we’re diving into the latest happenings in the tech industry, specifically regarding antitrust regulators in the US ramping up their scrutiny of AI developers.
The Justice Department and the Federal Trade Commission have launched investigations into some of the most prominent players in the AI space, including Nvidia, Microsoft, and OpenAI. The DOJ will be looking into Nvidia’s dominance in the market for AI microprocessors, while the FTC will be focusing on Microsoft and OpenAI.
This increased scrutiny is part of a broader effort by the Biden administration to tackle anticompetitive behavior across various industries, from healthcare to tech. The administration has already taken action against tech giants like Apple and Amazon, as well as challenging Microsoft’s acquisition of Activision Blizzard.
The FTC has also expressed interest in the field of AI, with investigations into OpenAI’s data collection practices and deals between Big Tech companies and AI developers. Specifically, the FTC is looking into Microsoft’s agreement with AI developer Inflection AI, questioning the $650 million licensing fee paid by Microsoft.
As an expert in antitrust law, Michael Carrier emphasized that regulators will be examining the substance of the deals between these companies, rather than just the structure. This scrutiny highlights the importance of compliance with antitrust laws in the rapidly evolving tech industry.
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