Federal Regulators Clear Way for Antitrust Probes into Microsoft ($MSFT), OpenAI, and Nvidia ($NVDA)

Jun 6, 2024, 04:05 AM

Federal regulators have reached a deal allowing them to proceed with antitrust investigations into Microsoft ($MSFT), OpenAI, and Nvidia ($NVDA) in the AI industry. The Federal Trade Commission (FTC) is specifically investigating whether Microsoft structured a recent deal with AI startup Inflection to avoid antitrust review. This deal included hiring Mustafa Suleyman and a $650 million payment to resell Inflection's technology. The investigations aim to scrutinize the dominance of these tech giants in the rapidly evolving AI sector.