Connect with us

Hi, what are you looking for?

WebinarExpertTeam.comWebinarExpertTeam.com

Tech News

FTC investigating Microsoft, Amazon, and Google investments into OpenAI and Anthropic


The Federal Trade Commission (FTC) opened an inquiry into the investments of Big Tech companies that provide cloud services to smaller AI companies like OpenAI and Anthropic.

The FTC sent letters to Alphabet, Amazon, Anthropic, Microsoft, and OpenAI, requiring the companies to explain the impact these investments have on the competitive landscape of generative AI. The commission wants to “scrutinize corporate partnerships and investments with AI providers to build a better internal understanding of these relationships and their impact on the competitive landscape.”

Google and Amazon invested in Anthropic, while Microsoft has a close financial relationship with OpenAI.

The FTC wants information on the specific investment agreements…

Continue reading…

You May Also Like

World News

 The job market is still hanging on—but not nearly as well as the headline numbers and media pundits would have you believe.  Original Article: The...

Editor's Pick

One of the key themes, if not THE theme, of 2023 was the dominance of the mega-cap growth trade. The Magnificent 7 stocks handily outperformed...

Editor's Pick

The market rally last week was very narrow, driven mainly by large gains in communication services stocks like Meta. Many technical indicators are showing...

Editor's Pick

Anastasia P. Boden After the last two Supreme Court terms, one might think the court needs a reprieve from high‐​profile cases. But so long as...