FTC to Inquire to Microsoft's, Google's, Amazon's AI Partnerships
26 January 2024 - 5:12AM
Dow Jones News
By Ben Glickman
Federal regulators are requesting information from Microsoft,
Google and Amazon about their investments in artificial
intelligence companies.
The Federal Trade Commission said Thursday that its inquiry
would examine recent investments and partnerships related to
generative AI and major cloud-service providers.
The agency sent requests for information to the three tech
giants, as well as ChatGPT-maker OpenAI and AI startup Anthropic
PBC.
Microsoft has made a multi-billion-dollar investment in OpenAI,
while both Amazon and Google have invested in Anthropic.
The inquiries by the FTC would allow regulators to gain a deeper
understanding of the market and business practices, which may
inform future actions.
The FTC said it is looking for more information on the
investments and partnerships and their competitive effect, as well
as competition for "AI inputs and resources."
The five companies will have 45 days from receipt of the order
to respond.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
January 25, 2024 12:57 ET (17:57 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Alphabet (NASDAQ:GOOGL)
Historical Stock Chart
From Nov 2024 to Dec 2024
Alphabet (NASDAQ:GOOGL)
Historical Stock Chart
From Dec 2023 to Dec 2024
