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FTC concludes investigation into Microsoft's $650M Inflection AI deal by end of 2024?
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DOJ•FTC•Microsoft•OpenAI•Nvidia•NYT•Inflection•Mustafa Suleyman•Karén Simonyan•Jonathan Kanter•US DOJ
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Official FTC announcements or press releases
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Federal Regulators to Investigate Microsoft, OpenAI, and Nvidia for Antitrust Concerns, Including $650M Inflection AI Deal
Jun 6, 2024, 06:15 AM
Federal regulators, including the DOJ and FTC, have reached a deal to proceed with antitrust investigations into Microsoft, OpenAI, and Nvidia, according to a NYT report. The probes will examine the dominant roles these companies play in the artificial intelligence industry. The FTC is specifically investigating whether Microsoft structured its $650 million deal with AI startup Inflection to avoid regulatory scrutiny. This deal involved hiring Inflection co-founders Mustafa Suleyman and Karén Simonyan. Jonathan Kanter, the US DOJ's assistant AG for antitrust, stated that the investigations aim to address concerns over potential monopoly choke points and the competitive landscape in AI and microchips.
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