Microsoft, Amazon and Google Face F.T.C. Inquiry Over A.I. Deals

Jan 25, 2024 · Reporting from Washington. Jan. 25, 2024. The Federal Trade Commission opened an inquiry on Thursday into the multibillion-dollar investments by Microsoft, Amazon …

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The FTC Is Investigating Microsoft, Amazon And Alphabet's

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Jan 25, 2024 · Amazon and Alphabet invested $4 billion and $2 billio n respectively in Anthropic, an AI startup that makes a chatbot called Claude. In an opinion column in The New York …

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FAQs about Microsoft, Amazon and Google Face F.T.C. Inquiry Over A.I. Deals Coupon?

Which AI companies were targeted by the FTC?

The FTC said that Alphabet, Amazon, Anthropic, Microsoft, and OpenAI were targeted as the companies are involved in multi-billion-dollar AI-related investments. Microsoft has an ongoing partnership with OpenAI and is the ChatGPT maker's largest stakeholder. ...

What does the FTC want from AI companies?

The FTC is asking the named businesses to provide copies of financial agreements, strategic rationales, market studies, and communications, among other things, about their AI partnerships. The agency, which usually consists of five commissioners, voted 3-0 to approve the inquiry. The three participating commissioners are all Democratic appointees. ...

What does the FTC want from Microsoft?

The F.T.C. said it would ask Microsoft, OpenAI, Amazon, Google and Anthropic to describe their influence over their partners and how they worked together to make decisions. The agency also said it would demand that they provide any internal documents that could shed light on the deals and their potential impact on competition. ...

Why is the FTC seeking information about generative AI?

The FTC’s inquiry will help the agency deepen enforcers understanding of the investments and partnerships formed between generative AI developers and cloud service providers. The FTC is seeking information specifically related to: ...

Which companies own Anthropic AI?

Anthropic, an AI startup founded by former OpenAI employees in 2021, announced massive partnerships with two of the largest tech firms in the country: Amazon and Alphabet, the owner of Google. Amazon announced their $4 billion investment in the startup in September. ...

Are Amazon & Google positioned for generative AI monetization?

Amazon and Google parent Alphabet have similar investments in AI company Anthropic. Wedbush analysts said that Amazon, Google, and Meta ( META ), which was absent from the FTC inquiry, are "positioned" for "enterprise monetization of generative artificial intelligence." ...