FTC and DOJ reportedly opening antitrust investigations into Microsoft, OpenAI, and Nvidia

June 6, 2024
3,819 Views

The Federal Trade Commission (FTC) and the Department of Justice (DOJ) reportedly agreed to split duties in investigating potential antitrust violations of Microsoft, OpenAI, and Nvidia, The New York Times reported.

The DOJ will lead inquiries into Nvidia, while the FTC will look into the deal between OpenAI and its largest investor, Microsoft.

The FTC began looking into potential antitrust issues related to the investments made by technology companies into smaller AI companies in January this year. The agency sent letters to Alphabet, Amazon, Anthropic, Microsoft, and OpenAI. Alphabet, the parent company of Google, and Amazon are both investors in Anthropic.

The Verge reached out for comments from Microsoft and Nvidia but have not heard back. The FTC and DoJ declined to comment. OpenAI also declined to comment.

An investigation by the two agencies does not mean the Biden administration is opening cases against the three companies, but the Times pointed out that a similar deal in 2019 led to the government’s cases against Google, Apple, Amazon, and Meta.

Update, June 6th: Added that the DoJ and OpenAI declined to comment.

Source link

You may be interested

Georgia football star Rodarius Thomas being held without bail after arrest on family violence charges
Sports
shares2,731 views
Sports
shares2,731 views

Georgia football star Rodarius Thomas being held without bail after arrest on family violence charges

new admin - Jul 27, 2024

[ad_1] Join Fox News for access to this content You have reached your maximum number of articles. Log in or…

RFK Jr. critical of Biden for “refusing to let go of power”
Top Stories
shares3,677 views
Top Stories
shares3,677 views

RFK Jr. critical of Biden for “refusing to let go of power”

new admin - Jul 27, 2024

RFK Jr. critical of Biden for "refusing to let go of power" - CBS News Watch CBS News In an…

Flag-colored plumes of smoke burst from Paris bridge at Olympics opening ceremony
Business
shares3,459 views
Business
shares3,459 views

Flag-colored plumes of smoke burst from Paris bridge at Olympics opening ceremony

new admin - Jul 27, 2024

[ad_1] IE 11 is not supported. For an optimal experience visit our site on another browser.Céline Dion performs at Olympic…