The FTC opened an inquiry into the impact of billion-dollar investments by cloud providers into AI startups on the competitive landscape of generative AI.
The Federal Trade Commission opened an inquiry into the investments of Big Tech companies that provide cloud services to smaller AI companies like OpenAI and Anthropic. The FTC sent letters to Alphabet, Amazon, Anthropic, Microsoft, and OpenAI, requiring the companies to explain the impact these investments have on the competitive landscape of generative AI.
” Google, in a comment sent to The Verge, hopes the FTC’s study “will shine a bright light” on companies that lock in customers. Both Anthropic and OpenAI got huge sums from the larger companies. Microsoft is the biggest investor in OpenAI and recently joined its board in a nonvoting observer role after the failed ouster of CEO Sam Altman and his short-lived hiring by Microsoft. Microsoft was rumored to have invested $10 billion in OpenAI.
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