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FTC orders AI companies to dish on investments, partnerships and meetings
The FTC is aiming to unravel the complex and secretive corporate relationships in the top AI companies out there in a new inquiry. Orders have been sent
Orders have been sent to Alphabet, Amazon, Anthropic, Microsoft, and OpenAI that will, as Chair Lina Khan said, “shed light on whether investments and partnerships pursued by dominant companies risk distorting innovation and undermining fair competition.” But it is just a little suspicious when companies already under investigation for antitrust practices, or who have been fined or settled regarding them, are apparently working to lock down the next big technology for their own use. As companies race to develop and monetize AI, we must guard against tactics that foreclose this opportunity,” Khan continued in her statement.
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