US launches inquiry into AI deals by Microsoft, OpenAI, Google and Amazon

kibiz0r , 5 months ago

“Our study will shed light on whether investments and partnerships pursued by dominant companies risk distorting innovation and undermining fair competition,”

I don’t think you need a study to see that they do. It’s part of their sales pitch. Forbes, Business Insider, and all of those insufferable biz hype mills won’t shut up about it.

autotldr Bot , 5 months ago

This is the best summary I could come up with:

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The United States trade regulator launched an inquiry on Thursday into investments and partnerships made by some of the biggest companies in the generative artificial intelligence space.

The inquiry will focus on what authority and rights the tech giants’ investments in the fledgling AI companies have conferred and whether those deals harm competition, the agency’s statement said.

“Our study will shed light on whether investments and partnerships pursued by dominant companies risk distorting innovation and undermining fair competition,” the FTC’s chair, Lina Khan, said in a statement.

The inquiry represents the first concrete effort from the agency to scrutinize AI firms and their use of partnerships to expand reach and influence in the rapidly growing industry.

Microsoft’s Rima Alaily, vice-president of its competition law group, said in a statement: “The US has assumed a global AI leadership position because important American companies are working together.

“We’re scrutinizing whether these ties enable dominant firms to exert undue influence or gain privileged access in ways that could undermine fair competition,” Khan said on Thursday in opening remarks at an AI forum.

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The original article contains 477 words, the summary contains 179 words. Saved 62%. I’m a bot and I’m open source!