FTC Launches Inquiry into Tech Giants' Multibillion Dollar AI Startup Investments
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The Federal Trade Commission launched an inquiry into Microsoft, Amazon, and Google's multibillion dollar investments in the AI startups OpenAI and Anthropic.
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The deals have allowed the tech giants to form deep ties with their smaller rivals while avoiding government scrutiny.
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The FTC will examine how these deals alter competition and could inform future antitrust investigations.
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The FTC will demand documents that shed light on the deals and their potential impact on competition.
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This is the FTC's first major effort under Chair Lina Khan to understand how companies use partnerships and investments to rapidly expand their influence in AI.