The United States federal trade commission ftc has launched a probe into the substantial investments made by Microsoft, Amazon, and Google in AI start-ups like OpenAI and Anthropic.
Microsoft’s significant investment in OpenAI, the creator of ChatGPT, along with Amazon and Google’s financial backing of Anthropic, has sparked an FTC investigation into potential antitrust violations.
The inquiry, conducted under Section 6(b) of the FTC Act, aims to understand how these investments may alter the competitive landscape and whether they enable dominant firms to exert undue influence or gain unfair competitive advantage
The companies have been requested to provide information about their agreements and will have 45 days to respond. The agency also aims to obtain internal documents shedding light on the impact of these investment deals on competition.
Chairman of the FTC, Lina Khan stated that the study intends to determine whether investments and partnerships pursued by dominant companies distort innovation and undermine fair competition.