FTC plans to review Microsoft, Amazon and Google's investments in OpenAI and Anthropic
The US Federal Trade Commission (FTC) has launched an investigation into the billions of dollars invested by Microsoft, Amazon, and Google in OpenAI and Anthropic. The report states that these transactions have enabled large companies to establish strong connections with smaller competitors while avoiding most government scrutiny. FTC has stated that it will require Microsoft, OpenAI, Amazon, Google, and Anthropic to describe their influence on partners and how they make joint decisions. They will be required to provide any internal documents that may reveal these transactions and their potential impact on competition. FTC Chairman Lina Khan said the study will reveal the investments and partnerships pursued by dominant companies and whether there is a risk of distorting innovation and disrupting fair competition. These companies reportedly have 45 days to respond to the FTC.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Genius Group Ordered to Sell Bitcoin Holdings
Genius Group must sell 10 BTC due to a court order, slashing its crypto treasury and market cap significantly.Unexpected Setback for Genius GroupMarket Cap Falls Below Bitcoin ReservesConcerns About Stability and Transparency

Ethereum Price Sees 4 Straight Red Months
Ethereum has closed four red months in a row, but long-term holders remain hopeful for a rebound.Ethereum’s Tough Streak ContinuesHope on the Horizon for Ethereum Holders

Nexchain Emerges as April’s Best ICO: A New Era for Blockchain
Nexchain is committed to facilitating interoperability from one blockchain to the next through artificial intelligence, allowing for cross-chain communication and operational efficienciesConclusion

Bitcoin Volatility Expected as U.S. Jobs Report Looms
U.S. jobs data and Powell’s speech today could trigger major Bitcoin volatility. Here’s what to watch.What to Expect from Today’s Market MovesWhy Bitcoin Traders Are Watching Closely

Trending news
MoreCrypto prices
More








