Categories Tech News
FTC investigating Microsoft, Amazon, and Google investments into OpenAI and Anthropic
January 25, 2024
The Federal Trade Commission (FTC) 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. The commission wants to “scrutinize corporate partnerships and investments with AI providers to build a better internal understanding of these relationships and their impact on the competitive landscape.”
Google and Amazon invested in Anthropic, while Microsoft has a close financial relationship with OpenAI.
The FTC wants information on the specific investment agreements…