FTC Launches Inquiry into Big Tech Investments in AI Firms to Assess Impact on Innovation and Competition
• FTC launched an inquiry into AI investments and partnerships by Microsoft, OpenAI, Google, Amazon, and Anthropic • FTC issued orders to these companies requiring them to provide information • Inquiry will focus on what rights and authority the tech giants' investments confer and if deals harm competition • Aims to shed light on whether investments distort innovation and undermine fair competition • Microsoft is OpenAI's largest shareholder after a $10B investment but does not control OpenAI