PYMNTS.com June 10, 2024
The Justice Department and the Federal Trade Commission (FTC) are reportedly gearing up to unleash their antitrust hounds on Microsoft, OpenAI and Nvidia, according to a Wednesday (June 5) report from The New York Times.
These tech behemoths have been driving artificial intelligence (AI) innovation, but now face new scrutiny as regulators investigate whether their dominance is squeezing competition in an industry poised to usher in a digital transformation for a multitude of businesses.
“It’s not official yet, but there are reports that the Justice Department and the FTC have agreed to investigate AI-related companies,” Omar Ochoa, an antitrust lawyer, told PYMNTS. “According to reports, the Justice Department would investigate Nvidia, and the FTC would investigate OpenAI and Microsoft. It’s...
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