Connect with us

Hi, what are you looking for?

TopMarketReports.comTopMarketReports.com

Tech News

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

The gavel in front of the DOJ seal.
Image: Cath Virginia / The Verge

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 FTC is already investigating OpenAI’s data collection practices, having…

Continue reading…

You May Also Like

Politics

The GOP is blasting President Biden’s campaign over an ‘out-of-touch’ memo warning that former President Trump’s re-election could mean the end of one of...

Tech News

Illustration by Alex Castro / The Verge Paramount has removed Bob Bakish as CEO — and it doesn’t have plans to fill the role....

Tech News

Image: Samsung Microsoft announced a whole passel of Copilot Plus PCs at its Surface event on Monday, and Samsung’s entries are a 14-inch laptop...

Editor's Pick

It was a truncated day for the markets; over the past four trading sessions, the Indian equities continued to edge higher and ended on...