PYMNTS.com October 30, 2024
Major tech companies have spent over $30 billion acquiring artificial intelligence startups while facing mounting antitrust concerns, as states rush to fill the federal regulatory void with nearly 700 AI-related bills introduced in 2024 — an almost 400% increase from 2023.
The flurry of activity includes workplace-focused federal legislation targeting algorithmic bias and employee surveillance, with Colorado becoming the first state to enact comprehensive AI regulations.
Expert: Tech Giants’ AI Shopping Spree Raises Antitrust Red Flags
Major tech companies have spent more than $30 billion acquiring AI startups, prompting concerns about anticompetitive practices in the growing AI sector, according to Notre Dame law professor Roger Alford. Writing in Bloomberg Law, the former Department of Justice antitrust official warned that tech...
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