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Home Technology Artificial Intelligence

FTC Probes Big Tech’s AI Partnerships: Implications & Investigation

The U.S. FTC investigates potential unfair competition in the AI industry as tech giants like Amazon, Google, and Microsoft face scrutiny over their ties to AI startups. European authorities are also looking into Microsoft's investment in OpenAI.

by Lilu Anderson
Sat, Jan 27, 2024 10:53pm
in Artificial Intelligence
• 3 mins read
14.8k
FTC Probes Big Tech's AI Partnerships: Implications & Investigation | FinOracle

Photo: Finoracle.me

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U.S. Antitrust Enforcers Investigate Tech Giants’ Influence on AI Startups

The U.S. Federal Trade Commission (FTC) has launched an inquiry to examine the relationships between leading artificial intelligence (AI) startups and tech giants such as Amazon, Google, and Microsoft. The investigation will focus on whether these ties give dominant firms undue influence or privileged access that could undermine fair competition in the market. The FTC’s market inquiry will specifically review the investments and partnerships formed between AI developers and major cloud service providers.

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