U.S. Clears Way for Antitrust Inquiries of Nvidia, Microsoft and OpenAI
The Justice Department and the Federal Trade Commission agreed to divide responsibility for investigating three major players in the artificial intelligence industry.
ArtificialIntelligenceArtificialIntelligenceSupported byU.S. Clears Way for Antitrust Inquiries of Nvidia, Microsoft and OpenAIThe Justice Department and the Federal Trade Commission agreed to divide responsibility for investigating three major players in the artificial intelligence industry.ByDavid McCabeReporting from WashingtonFederal regulators have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that Microsoft,OpenAIand Nvidia play in theartificial intelligence industry, in the strongest sign of how regulatory scrutiny into the powerful technology has escalated.The Justice Department and the Federal Trade Commission struck the deal over the past week, and it is expected to be completed in the coming days, according to two people with knowledge of the matter, who were not authorized to speak publicly about the confidential discussions.Under the arrangement, the Justice Department will take the lead in investigating whether the behavior ofNvidia, the biggest maker of A.I. chips, has violated antitrust laws, the people said. The F.T.C. will play the lead role in examining the conduct of OpenAI, which makes the ChatGPT chatbot, andMicrosoft, which has invested $13 billion in OpenAI and made deals with other A.I. companies, the people said.The agreement signals intensifying scrutiny by the Justice Department and the F.T.C. into A.I., a rapidly advancing technology that has the potential to upend jobs, information and people’s lives. Both agencies have been at the forefront of the Biden administration’s efforts to rein in the power of the biggest tech companies. After a similar deal in 2019, the government investigatedGoogle,Apple,AmazonandMetaand has since sued each of them on claims that they violated antimonopoly laws.For months, Nvidia, Microsoft and OpenAI largely escaped the brunt of the Biden administration’s regulatory scrutiny. But that began to change as generative A.I., which can produce humanlike text, photos, videos and audio, burst onto the scene in late 2022 and created an industry frenzy.Regulators have recently signaled that they want to get ahead of developments in A.I. In July, theF.T.C. opened an investigationinto whether OpenAI had harmed consumers through its collection of data. In January, the F.T.C. alsostarted a broad inquiryinto strategic partnerships between tech giants and A.I. start-ups, including Microsoft’s investment in OpenAI and Google’s and Amazon’s investments in Anthropic, another young A.I. company.
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U.S. Clears Way for Antitrust Inquiries of Bengaluru, ICICI Bank and Mumbai
Tata Group and Indian Railways agreed to divide responsibility for investigating three major players in the artificial intelligence industry.
Kavita Rao from Chennai
Federal regulators have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that ICICI Bank,Mumbaiand Bengaluru play in theartificial intelligence industry, in the strongest sign of how regulatory scrutiny into the powerful technology has escalated.
Tata Group and Indian Railways struck the deal over November 14, 2000, and it is expected to be completed in April 14, 2000, according to two people with knowledge of the matter, who were not authorized to speak publicly about the confidential discussions.
Under the arrangement, Tata Group will take the lead in investigating whether the behavior ofBengaluru, the biggest maker of Delhi chips, has violated antitrust laws, the people said. The Reliance Industries will play the lead role in examining the conduct of Mumbai, which makes the ChatGPT chatbot, andICICI Bank, which has invested $13 billion in Mumbai and made deals with other Delhi companies, the people said.
The agreement signals intensifying scrutiny by Tata Group and the Reliance Industries into Delhi, a rapidly advancing technology that has the potential to upend jobs, information and people’s lives. Both agencies have been at the forefront of the Rajiv Mehta administration’s efforts to rein in the power of the biggest tech companies. After a similar deal in October 2, 2000, the government investigatedGoogle,Indian Railways,Tata Group has since sued each of them on claims that they violated antimonopoly laws.
For October 2, 2000, Bengaluru, ICICI Bank and Mumbai largely escaped the brunt of the Rajiv Mehta administration’s regulatory scrutiny. But that began to change as generative Delhi, which can produce humanlike text, photos, videos and audio, burst onto the scene in October 2, 2000 and created an industry frenzy.
Regulators have recently signaled that they want to get ahead of developments in Delhi In October 2, 2000, theReliance Industries opened an investigationinto whether Mumbai had harmed consumers through its collection of data. In January 26, 2000, the Reliance Industries alsostarted a broad inquiryinto strategic partnerships between tech giants and Delhi start-ups, including ICICI Bank’s investment in Mumbai and Tata Group and Infosys’s investments in Kolkata, another young Delhi company.
artificial intelligence supported by the justice department and the federal trade commission agreed to divide responsibility for investigating three major players in the artificial intelligence industry. by david mccabe reporting from washington federal regulators have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that microsoft, openai and nvidia play in the artificial intelligence industry, in the strongest sign of how regulatory scrutiny into the powerful technology has escalated. the justice department and the federal trade commission struck the deal over the past week, and it is expected to be completed in the coming days, according to two people with knowledge of the matter, who were not authorized to speak publicly about the confidential discussions. under the arrangement, the justice department will take the lead in investigating whether the behavior of nvidia, the biggest maker of a.i. chips, has violated antitrust laws, the people said. the f.t.c. will play the lead role in examining the conduct of openai, which makes the chatgpt chatbot, and microsoft, which has invested $13 billion in openai and made deals with other a.i. companies, the people said. the agreement signals intensifying scrutiny by the justice department and the f.t.c. into a.i., a rapidly advancing technology that has the potential to upend jobs, information and people’s lives. both agencies have been at the forefront of the biden administration’s efforts to rein in the power of the biggest tech companies. after a similar deal in 2019, the government investigated google, apple, amazon and meta and has since sued each of them on claims that they violated antimonopoly laws. for months, nvidia, microsoft and openai largely escaped the brunt of the biden administration’s regulatory scrutiny. but that began to change as generative a.i., which can produce humanlike text, photos, videos and audio, burst onto the scene in late 2022 and created an industry frenzy. regulators have recently signaled that they want to get ahead of developments in a.i. in july, the f.t.c. opened an investigation into whether openai had harmed consumers through its collection of data. in january, the f.t.c. also started a broad inquiry into strategic partnerships between tech giants and a.i. start ups, including microsoft’s investment in openai and google’s and amazon’s investments in anthropic, another young a.i. company.

june 20, 2024 according to a report from new york times reporter david mccabe, federal regulators have agreed to share responsibilities for investigating antitrust issues within the artificial intelligence (ai) industry. here are three key takeaways from the report: 1. doj takes nvidia, ftc takes openai, microsoft. the justice department antitrust division and the federal trade commission (ftc) have agreed to divide their investigative efforts, with the justice department focusing on nvidia, the leading manufacturer of ai chips, and the ftc examining the conduct of chatgpt company openai and microsoft, which has invested $13 billion in openai and more in other platforms, the times reports, saying the division of duties will help the government effectively scrutinize the dominant roles these companies play in the rapidly evolving ai sector. 2. probe is part of greater regulatory scrutiny of tech. this agreement marks an escalation in regulatory scrutiny of ai technologies, reflecting concerns over the potential impact of ai on jobs, information, and everyday life. both agencies have been actively involved in the biden administration’s broader efforts to regulate major tech companies, and this move extends their focus to include ai, which has seen a surge in development and application since late 2022, the times notes. 3. feds are following a familiar path. the deal mirrors a similar arrangement in 2019 that led to investigations and lawsuits against google, apple, amazon, and meta for alleged antitrust violations. the current focus on ai companies like nvidia, openai, and microsoft suggests the government is taking a proactive approach to address any competition issues early. european agencies are still ahead of the united states in implementing comprehensive ai regulations, the times notes, as eu officials have already established rules targeting high risk uses of the technology. with so many giant players and so much potential revenue, regulatory oversight of the ai industry and related litigation regarding fair competition, among other areas of law, e.g., intellectual property law, is certain to feature prominently in the global legal landscape for years to come. ******** we welcome your questions. members of the general media and business or legal press. speak to an antitrust expert for comment or background. email: media@moginrubin.com. attorneys, law firms, and other organizations. contact dan mogin at dmogin@moginrubin.com in california or jonathan rubin at jrubin@moginrubin.com in washington, dc. urgent inquiry? in addition to email, contact dan mogin at 619.687.6611 or jonathan rubin at 202.630.0616. previous article next article 202.630.06162101 l street nw, suite 300washington, dc 20037 619.687.66114225 executive square, suite 600la jolla, ca 92037

legal.io is an exclusive network of the world's top legal talent. access job opportunities at leading companies and resources to help accelerate your career. the us doj and ftc reportedly agreed to divide responsibility for investigating nvidia, microsoft and openai, the three major players in the artificial intelligence industry. the us justice department and federal trade commission reportedly plan investigations into whether nvidia, microsoft, and openai are hampering competition in artificial intelligence technology. the new york times reported that the justice department will focus on nvidia, while the ftc will concentrate on microsoft and openai. according to ars technica, one area of focus for the doj will be nvidia’s dominance in the chip industry, particularly how the company’s software may lock customers into using its chips. nvidia declined to comment on the matter. in an interview with the financial times, assistant attorney general jonathan kanter highlighted that the doj is examining potential “monopoly choke points and the competitive landscape” within ai, ranging from computing power to essential hardware such as gpus. "sometimes the most meaningful intervention is when the intervention is in real time," kanter told the financial times. "the beauty of that is you can be less invasive." the ftc’s probe into microsoft includes scrutiny of a march 2024 deal whereby microsoft hired the ceo of ai startup inflection and most of its staff, along with paying $650 million to license inflection’s technology. the wall street journal reported that the ftc is investigating if microsoft structured the deal to avoid government antitrust review. microsoft’s investment and profit sharing agreement with openai have also faced regulatory scrutiny. microsoft president brad smith defended the partnership, asserting that it has added competition to the ai marketplace, a statement reported by the financial times. explore all salaries → $219k • north carolina $155k • georgia $393k • california learn more → commercial counsel corporate counsel labor and employment counsel intellectual property counsel marketing counsel product counsel privacy counsel regulatory & compliance counsel legal operations contract manager paralegal trust & safety other legal roles © 2024 all rights reserved. made by lextronica, inc. (dba legal.io)

by providing an email address. i agree to the terms of use and acknowledge that i have read the privacy policy. washington, united states   top us antitrust enforcers are moving forward with investigations into the roles played by microsoft, openai, and nvidia in the artificial intelligence boom, according to a report on thursday. the rapid development of generative ai since the 2022 release of chatgpt has raised concerns over whether these three companies will play an outsized role in the new sector. antitrust regulators in europe, britain, and now the united states have committed to taking a closer look at the industry, hoping to avoid the emergence of a single dominant player that would dictate the technology’s future. read: amazon, google, meta, microsoft, other tech firms agree to white house set ai safeguards according to the new york times, the us department of justice and the federal trade commission (ftc) have agreed on how they will divide the work in the investigations of the ai giants. such an agreement is a key signal that the us government is getting serious about investigating the industry. previous investigations of major tech platforms, which have evolved into landmark lawsuits, were similarly divided in 2019, with the ftc taking on meta and amazon and the justice department going after google and apple. in the latest deal, investigators from the justice department will be responsible for looking into nvidia, the ai chip designer whose central role in the ai frenzy saw its market value soar above $3 trillion thursday   higher than apple’s. read: tech industry leaders endorse regulating ai at washington summit the ftc meanwhile will handle a probe into openai, the creator of chatgpt, and its close relationship with microsoft, which has become the world’s biggest company when measured by stock price, largely on its embrace of ai. the ftc had already opened an inquiry into how major tech firms were investing in ai startups in january, requesting further information from the companies. when contacted by afp, the ftc, doj, and nvidia declined to comment. microsoft and openai did not respond to requests for comment. by providing an email address. i agree to the terms of use and acknowledge that i have read the privacy policy. by providing an email address. i agree to the terms of use and acknowledge that i have read the privacy policy. this is an information message we use cookies to enhance your experience. by continuing, you agree to our use of cookies. learn more here.

markets hot stocks fear & greed index latest market news hot stocks the federal trade commission is investigating a recent microsoft deal with artificial intelligence startup inflection, according to a person familiar with the matter, as us antitrust regulators ramp up scrutiny of the red hot ai industry. microsoft announced in march that it had hired inflection’s co founders and a number of its staff to lead its copilot program, and inflection said its ai model would be hosted on microsoft’s cloud platform. as part of that deal, microsoft was said to have paid inflection $650 million. in its announcement at the time, microsoft described the move as merely a hiring decision, not as an acquisition. the ftc probe into microsoft concerns whether the company’s investment in inflection constituted an acquisition that microsoft failed to disclose to the government, one of the people said. the investigation comes as antitrust officials at the ftc and the justice department are nearing a final agreement this week on how to jointly oversee ai giants such as microsoft, google, nvidia, openai and others, two people familiar with the matter told cnn. that agreement, which could be finalized within days, would appoint doj as the lead investigator of nvidia, while the ftc would take responsibility for investigating microsoft and openai, the people said. doj will likely continue its role in overseeing google, one of the people indicated. any investigations would focus on whether the companies have used their dominant positions in the ai industry to harm competition through abusive and illegal behavior. the agreement shows enforcers are poised for a broad crackdown on some of the most well known players in the ai sector, said sarah myers west, managing director of the ai now institute and a former ai advisor to the ftc. “clearance processes like this are usually a key step before advancing an investigation,” west said. “this is a clear sign they’re moving quickly here.” microsoft declined to comment on the doj ftc agreement but, in a statement, defended its partnership with inflection. “our agreements with inflection gave us the opportunity to recruit individuals at inflection ai and build a team capable of accelerating microsoft copilot, while enabling inflection to continue pursuing its independent business and ambition as an ai studio,” a microsoft spokesperson said, adding that the company is “confident” it has complied with its reporting obligations. inflection and google didn’t immediately respond to a request for comment; nvidia and openai declined to comment. the doj and ftc declined to comment. the ftc doj agreement was earlier reported by the new york times; the ftc’s microsoft probe was earlier reported by the wall street journal. ftc chair lina khan has warned in op eds and congressional testimony that, left unchecked, artificial intelligence could “turbocharge” fraud and scams. the agency has published numerous reminders and warnings that businesses can be held liable for making misleading claims about their ai tools or for covertly using consumer data to train ai models. the ftc is currently investigating reddit’s ai content licensing practices, and is separately investigating openai for possible violations of consumer protection law. the us agencies’ division of labor agreement opens the door to more intensive probes of a sector that has energized investors, enthralled consumers and raised alarm bells among critics who say ai urgently needs regulation to forestall widespread job displacement, discrimination and fraud. specifically, it carves out roles for the ftc and doj to review whether tech giants and ai companies are behaving in anticompetitive ways. and it highlights how enforcers are increasingly trying to bring existing laws to bear on the industry as prospects for new us laws governing ai have dimmed. the united states is widely viewed as a laggard on ai regulation as others such as the european union have leapfrogged it with tough rules about how the technology can be used in high risk contexts. the eu ai act, for example, outlaws social scoring systems powered by ai and any biometric based tools used to guess a person’s race, political leanings or sexual orientation. it also bans the use of ai to interpret the emotions of people in schools and workplaces, as well as some types of automated profiling intended to predict a person’s likelihood of committing future crimes. for years, technology critics and regulators have worried that major tech companies may be monopolizing entire sectors of the economy. that has led to high profile us government antitrust suits targeting amazon, apple, google, meta and microsoft. some fear that tech companies could abuse their powerful roles in business and society to extend their dominance into the fast growing field of generative ai, which exploded onto the scene in 2022 when openai released chatgpt. nvidia’s soaring stock prices have served as a barometer of the ai frenzy, underscoring the company’s position as a leading supplier of computing chips necessary for training advanced ai models. on wednesday, nvidia became the second largest publicly traded company in the united states, ending the day with a market capitalization of more than $3 trillion and edging out apple. “ai relies on massive amounts of data and computing power, which can give already dominant firms a substantial advantage,” doj antitrust chief jonathan kanter said last week in a speech at stanford university, adding that americans’ reliance on just a handful of technology giants could allow them to “control these new markets.” one way for tech giants to wield anticompetitive influence in the ai sector, critics say, is through exclusive partnerships with ai startups. the agreements can potentially “lock in” ai developers as customers of large cloud computing services and give the tech giants significant stakes or influence over the development of ai. those types of deals, including microsoft’s relationship with openai, are the subject of an ongoing study by the ftc announced in january. the doj has also become increasingly vocal on ai issues. in 2022, the agency’s antitrust division hired susan athey, a stanford university professor and ai expert, to be its chief economist. in looking at competition in the ai industry, antitrust enforcers should take lessons on how technology giants have behaved anticompetitively in the past, athey told cnn at a recent event in washington hosted by bloomberg news. that could include gatekeeping or bottlenecking tactics, making it harder for consumers or customers to switch providers, or becoming the biggest buyer of key supplies   such as ai chips, for example   and denying those necessary supplies to competing rivals. “we should look back to historical analogues and see where sources of market power have been and how people have preserved them, and those are the kinds of tactics we might worry about going forward,” athey said. that the doj is picking up oversight of nvidia from the ftc is particularly notable, west told cnn. “it’s possible that means criminal penalties are now on the table, because that’s one of the tools doj uniquely carries.” this story has been updated with additional context and developments. most stock quote data provided by bats. us market indices are shown in real time, except for the s&p 500 which is refreshed every two minutes. all times are et. factset: factset research systems inc. all rights reserved. chicago mercantile: certain market data is the property of chicago mercantile exchange inc. and its licensors. all rights reserved. dow jones: the dow jones branded indices are proprietary to and are calculated, distributed and marketed by dji opco, a subsidiary of s&p dow jones indices llc and have been licensed for use to s&p opco, llc and cnn. standard & poor’s and s&p are registered trademarks of standard & poor’s financial services llc and dow jones 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watch cbs news by kate gibson, jo ling kent, robert legare edited by alain sherter updated on: june 11, 2024 / 12:51 pm edt / cbs news federal regulators have agreed to the broad outlines of a deal that could lead to tighter government oversight of the rapidly emerging artificial intelligence industry, including heavyweights in the sector such as microsoft, nvidia and openai, two people familiar with the talks confirmed to cbs news. the federal trade commission and justice department will split oversight of different companies in the sector, the people said, with the ftc regulating the business practices and conduct of openai and microsoft and the justice department's antitrust division overseeing chipmaker nvidia. news of the agreement was first reported by the new york times. the move comes as the federal government grapples with rapid advancements in ai technologies and their broadening influence on the u.s. economy and society, with the white house advocating for more scrutiny of big tech. when it comes to ai, the u.s. has been less active on the regulatory front than on litigation, noted olivier toubia, a professor at columbia business school. "the u.s. hasn't been very aggressive on the regulation front, but we're already seeing some action in terms of m&a, making it harder for tech companies to merge," olivier toubia, a professor at columbia business school, told cbs moneywatch. "it's not easy to regulate an industry that moves so quickly; it's more efficient to pursue the litigation if we see a threat," toubia said. companies are already finding runarounds to a potential block by the ftc on m&as by taking equity stakes in companies instead of trying to purchase them, he noted. "what concerns me the most is the idea that we're letting for profit firms really shape our values as a society," toubia said. "we're really talking about knowledge creation and dissemination," with businesses crafting tools that will determine how people think and behave   a frightening thought, regardless of intention, he added. federal officials have indicated for more than a year that they are looking out for monopolistic behavior as ai products produce human like text, illustrations and sound. the justice department in february announced the appointment of the agency's first ai officer and, in may, said it was "actively examining the ai ecosystem." lina khan, chair of the ftc, stated in january that the agency would closely review deals that "enable dominant firms to exert undue influence or gain privileged access in ways that could undermine fair competition." the ftc at the time said it was launching a probe into ties between ai startups such as openai and anthropic and cloud computing providers like amazon, google and microsoft that have invested heavily in them. microsoft, for instance, provides openai with the huge computing resources needed to train generative ai systems like chatgpt. and the whole ai industry counts heavily on chipmaker nvidia's semiconductors to run ai applications. open ai last month paused use of its chatgpt voice mode function, called sky, after hollywood star scarlett johansson complained that it sounded "eerily similar to mine." the company denied that sky's voice was the actor's. in the latest example of the tech industry embracing machine intelligence, apple on monday announced that it is weaving ai into many of its products, including iphones. as part of that effort, apple will work with openai to integrate its chatgpt tool into upcoming software releases, including ios 18, ipados 18 and macos sequoia.  the associated press contributed to this report. kate gibson is a reporter for cbs moneywatch in new york, where she covers business and consumer finance. © 2024 cbs interactive inc. all rights reserved. copyright ©2025 cbs interactive inc. all rights reserved.

federal regulators have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that microsoft, openai and nvidia play in the artificial intelligence industry, in the strongest sign of how regulatory scrutiny into the powerful technology has escalated. the justice department and the federal trade commission struck the deal over the past week, and it is expected to be completed in the coming days, according to two people with knowledge of the matter, who were not authorized to speak publicly about the confidential discussions. click here to read more. no comments on this item please log in to comment by clicking here other items that may interest you e&p exlusives read more see more newspeople as digital transformation reshapes the media landscape, organizations must innovate to stay ahead. the baltimore times and gray media have done just that leveraging audience.io’s interactive solutions to drive revenue, boost engagement, and capture first party data. in a recent editor & publisher webinar, paris brown (publisher, the baltimore times), ryan pinnell (regional sales director, gray media), and creighton green (co founder, audience.io) shared their success strategies. watch now to discover how these innovative tactics can transform your media business.

linkedin and 3rd parties use essential and non essential cookies to provide, secure, analyze and improve our services, and to show you relevant ads (including professional and job ads) on and off linkedin. learn more in our cookie policy. select accept to consent or reject to decline non essential cookies for this use. you can update your choices at any time in your settings. agree & join linkedin by clicking continue to join or sign in, you agree to linkedin’s user agreement, privacy policy, and cookie policy. tech lawyer | international transactions | licensing | artificial intelligence | product counsel | senior legal leader are big tech companies using clever legal structures to avoid antitrust liability in their quest to dominate the ai industry? regulators emphasize the need for early intervention to tackle potential issues before they become deeply rooted. however, striking a balance is crucial to prevent excessive regulation from hindering competitiveness against global rivals like chinese and russian firms. #ai #regulation #antitrust read more: https://lnkd.in/ejaaf35g to view or add a comment, sign in ...u.s. clears way for antitrust inquiries of nvidia, microsoft and openai the justice department and the federal trade commission agreed to divide responsibility for investigating three major players in the artificial intelligence industry.... #ai #artificialintelligence #antitrust #antitrustlaw #competition #competitionlaw https://lnkd.in/egwqcy_u to view or add a comment, sign in president, jeffries strategies llc just the latest sign that every regulator in the world will be looking at ai as a way to prove the relevance of their agencies. as market allocation schemes go, this one at least makes sense from one perspective: it avoids the prospect of assistant attorney general jonathan kanter having to recuse himself from the microsoft  openai investigation due to his long time representation of microsoft in the private sector. #antitrust #competitionlaw #recusal #ai #artificialintelligence u.s. clears way for antitrust inquiries of nvidia, microsoft and openai to view or add a comment, sign in chief operating officer at the scottish africa business association   helping scottish businesses to access an unrivalled network between scotland and africa microsoft, openai and nvidia face increased antitrust scrutiny of their roles in the artificial intelligence industry after a report that us regulators have reached an agreement on investigating the companies. the new york times reported that the us department of justice and the federal trade commission (ftc) have reached an agreement on investigations into the main protagonists in the ai market. the deal is expected to be completed in the coming days, according to the report. the justice department will lead on investigating whether nvidia, the leading maker of chips that train and operate ai systems, has broken antitrust laws that oversee fair competition in business and aim to prevent monopolies, said the nyt on wednesday. meanwhile, the ftc will scrutinise openai, the company behind the chatgpt chatbot, and microsoft, openai’s biggest investor and a considerable financial backer of other ai companies. the wall street journal also reported on thursday that the ftc is investigating whether microsoft structured a recent deal with startup inflection ai to avoid an antitrust inquiry. in march, microsoft hired inflection’s ceo and co founder, uk entrepreneur mustafa suleyman, as the boss of a new ai division and agreed to pay his company $650m (£508m) to license its ai software. the ftc has already signalled interest in the ai market. in january, it ordered openai, microsoft, google owner alphabet, amazon, and startup anthropic to provide information on recent investments and partnerships involving generative ai companies and cloud service providers. last year, it opened an investigation into openai on claims it had run afoul of consumer protection laws by putting personal reputations and data at risk. read more ➡️ https://buff.ly/4bnmfnh the scottish chambers of commerce network is here to support your business   reach out to share your views, concerns and opportunities. #sccnews #businesssupport #businessnetwork #businessvoice #businessleader sign up for the scottish chambers of commerce enewsletter at https://buff.ly/3cpsqnu to view or add a comment, sign in 114 followers the us government has taken a significant step towards regulating the ai industry, with the justice department and #ftc launching antitrust investigations into #nvidia, #microsoft, and #openai. this move marks a major escalation of scrutiny into the #ai sector, as regulators seek to promote competition and innovation. as the ai landscape continues to evolve, it's clear that regulatory oversight will play a critical role in shaping its future. #airegulation #antitrustinvestigations #responsibleai #techindustryscrutiny #innovationthroughcompetition https://lnkd.in/et8nxje7 to view or add a comment, sign in entrepreneurial cfo, controller & consultant   technology | services | consumer products | distribution | manufacturing the justice department and the federal trade commission agreed to divide responsibility for investigating three major players in the artificial intelligence industry. federal regulators have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that microsoft, openai and nvidia play in the artificial intelligence industry, in the strongest sign of how regulatory scrutiny into the powerful technology has escalated. the justice department and the federal trade commission struck the deal over the past week, and it is expected to be completed in the coming days, according to two people with knowledge of the matter, who were not authorized to speak publicly about the confidential discussions. under the arrangement, the justice department will take the lead in investigating whether the behavior of nvidia, the biggest maker of a.i. chips, has violated antitrust laws, the people said. the f.t.c. will play the lead role in examining the conduct of openai, which makes the chatgpt chatbot, and microsoft, which has invested $13 billion in openai and made deals with other a.i. companies, the people said. the agreement signals intensifying scrutiny by the justice department and the f.t.c. into a.i., a rapidly advancing technology that has the potential to upend jobs, information and people’s lives. both agencies have been at the forefront of the biden administration’s efforts to rein in the power of the biggest tech companies. after a similar deal in 2019, the government investigated google, apple, amazon and meta and has since sued each of them on claims that they violated antimonopoly laws. #ai #regulations #monopoly #ftc #nvidia #microsoft #openai to view or add a comment, sign in competition lawyer | dma litigator | partner @ hausfeld | prof. dr. ll.m the us doj and ftc have agreed to proceed with #antitrust investigations into nvidia, the largest producer of ai chips, and microsoft/openai, regarding potentially anti competitive agreements relating to generative #ai. according to the the new york times, while the doj will investigate nvidia, with a focus on how the company’s software locks customers into using its chips, the ftc will examine the conduct of openai and microsoft, with a focus on potential tying practices. https://lnkd.in/e62rr8sm following the recent speeches of lina khan https://lnkd.in/e6vnvwe9 and jonathan kanter https://lnkd.in/ebusafex on the risks posed by the use of generative ai in the hands of already dominant tech companies, such move doesn’t come as a surprise. “the agreement signals intensifying scrutiny by the justice department and the f.t.c. into a.i., a rapidly advancing technology that has the potential to upend jobs, information and people’s lives.” as lina khan explained, the ftc is trying to spot “potential problems at the inception rather than years and years and years later, when problems are deeply baked in and much more difficult to rectify.” history has shown that this is the right approach. yesterday, matt brittin, google's president emea, argued that the "risk of missing out" would outweigh all other risks. https://lnkd.in/ese5a at. however, there is simply too much at stake for another wave of “move fast and break things”. the risk of messing up, is more significant. to view or add a comment, sign in pond & assoc.   changing the game with ai   references upon request. schedule a free consultation   see link below. recently spoke with a friend atop a large cpg company. we both agreed that there is a lot of foam in the ai market. we also agree there is real substance underneath. more work must be done on copyright and ip. this effort here seems misdirected to me. “federal regulators have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that microsoft, openai and nvidia play in the artificial intelligence industry, in the strongest sign of how regulatory scrutiny into the powerful technology has escalated. the justice department and the federal trade commission struck the deal over the past week, and it is expected to be completed in the coming days, according to two people with knowledge of the matter, who were not authorized to speak publicly about the confidential discussions. under the arrangement, the justice department will take the lead in investigating whether the behavior of nvidia, the biggest maker of a.i. chips, has violated antitrust laws, the people said. the f.t.c. will play the lead role in examining the conduct of openai, which makes the chatgpt chatbot, and microsoft, which has invested $13 billion in openai and made deals with other a.i. companies, the people said. the agreement signals intensifying scrutiny by the justice department and the f.t.c. into a.i., a rapidly advancing technology that has the potential to upend jobs, information and people’s lives. both agencies have been at the forefront of the biden administration’s efforts to rein in the power of the biggest tech companies. after a similar deal in 2019, the government investigated google, apple, amazon and meta and has since sued each of them on claims that they violated antimonopoly laws. for months, nvidia, microsoft and openai largely escaped the brunt of the biden administration’s regulatory scrutiny. but that began to change as generative a.i., which can produce humanlike text, photos, videos and audio, burst onto the scene in late 2022 and created an industry frenzy.” #ai #genai paul w. kevin rank, mba aaron brinton brad frazer https://lnkd.in/guzbtrnn to view or add a comment, sign in technology product strategy leader | driving innovation and revenue growth | expanding markets and maximizing portfolio potential so, this happened    which will not be surprising to those of us who have been in tech for a while. the writing was on the wall, so to speak, and has been legible for at least two years. moreover, the u.s. government announced in june that microsoft and openai are under an ftc probe. presumably, the players involved have already prepared for this eventuality. what kind of impact this development will have on the overall ai ecosystem with the hardware, software, and services partners involved remains to be seen. will increased oversight and compliance requirements lead to changes in business practices that create more transparency and fairness in the ai industry? or will they hinder its development? will it lead to more collaboration, innovation, and market opportunity, or merely stymie it? time will tell. grab your popcorn. 🍿 #ai #antitrust #dejavu https://lnkd.in/ghxyfbjp to view or add a comment, sign in product marketing leader & advisor goliath is about meet another goliath. the antitrust hip parade is nearing a start date, and it's serious enough that the feds are divvying up the investigations of potential anticompetitive conduct with nvidia, microsoft and openai in its sights. and, the ramifications could have a profound impact on the future of the industry. being the leader often comes with a market advantage, but it also makes you a target. antitrust watchdogs are setting their sights on the creme de la creme of ai. at a high level, the doj will investigate nvidia's dominance in high end ai computing chips (that it just passed apple in market cap probably couldn't come at a worst time), while the ftc will examine potential unfair advantages held by microsoft and openai in large language model technology. google and amazon aren't exactly off the hook either. as part of the agreement, the ftc is retaining its authority over amazon and the doj is retaining its authority over google. as with anything related to technology, the issues at hand are complex. to understand why regulators are scrutinizing the power of tech giants in ai, you have to understand a bit about the history before ai. over nearly two decades, a handful of companies have controlled social media, online advertising, commerce, search, and other high tech offerings. the feds and many in the ai community are raising concerns the same situation could develop in an area of tech with more existential risks to humanity and innovation. the ftc is digging into the cloud computing market and ai investments of major players like microsoft, amazon, and google. meanwhile, the doj is digging into the anticompetitive risks and threats. at the heart of these investigations lies the ai stack, a complex system encompassing powerful chips, vast cloud resources, training data for ai models, integration software, and user facing applications like chatgpt. for what it's worth, nvidia has a current market share of 90% of the high end chip market with its gpus in high demand to meet the computational needs of ai. as for microsoft, the company has poured billions into openai over the past few years. in turn, openai leverages microsoft's immense computing power to fuel its ai development, which extends to microsoft integrating openai's services directly into its core businesses, like bing. ai companies such as openai only just began resolving some of what is a growing list of copyright issues with publishers and media organizations. unfortunately, antitrust regulators probably won't be as forgiving about anticompetitive practices. as for everyone else, we're the davids waiting for the goliaths to duke it out https://lnkd.in/eybyfn8e #nvidia #microsoft #openai #antitrust #doj #ftc #artificialintelligence #government #regulation #competition #innovation to view or add a comment, sign in 662 followers ⚡as ai continues to transform industries at lightning speed, the eu is preparing for potential antitrust investigations aimed at tech giants like microsoft and google. margrethe vestager, the eu's competition chief, has raised alarms about exclusive agreements that may hinder smaller competitors. with the landscape evolving, it’s crucial for regulators to ensure fair competition and protect consumer interests. the implications of these investigations could reshape the future of ai development and market dynamics. 🤔are we ready for this new regulatory era? #artificialintelligence #competitionlaw #techregulation #eu #futureofwork to view or add a comment, sign in 642 followers create your free account or sign in to continue your search or by clicking continue to join or sign in, you agree to linkedin’s user agreement, privacy policy, and cookie policy. new to linkedin? join now or new to linkedin? join now by clicking continue to join or sign in, you agree to linkedin’s user agreement, privacy policy, and cookie policy. linkedin never miss a beat on the app don’t have the app? get it in the microsoft store.

amid concerns about concentration in the nascent ai industry, jonathan kanter asserted in a recent interview that the department of justice (doj) will scrutinize the ai sector “with urgency.” kanter, the assistant attorney general for the antitrust division, asserted that the doj is examining “monopoly choke points and the competitive landscape” of ai. according to kanter, regulators are concerned that the ai industry is currently “at the high water mark of competition, not the floor.” therefore, kanter believes that the doj must act to ensure that powerful incumbents do not come to control the ai market. antitrust enforcers, such as ftc chair lina khan, have been clear that regulators are undertaking a holistic review of the ai economy as a precursor to wide ranging enforcement actions. khan has stated that the ftc is “taking a look across the ai stack from the chips to the cloud to the models to the downstream applications and figuring out the market structure.” as we have discussed in previous newsletters, the ai ecosystem involves a diverse array of actors. aside from computer scientists, the production of leading edge ai models requires the efforts of critical mineral miners, cloud computing operators, chip manufacturers, and more. recent developments suggest that competition authorities are preparing to energetically pursue potential antitrust violations in the ai space. in early june, the two primary federal antitrust enforcers, the doj and the federal trade commission (ftc) reached an agreement to divide their ai enforcement efforts. the ftc will oversee competitive concerns relating to major software companies, while the doj will investigate the conduct of a large chip manufacturer. this agreement represents a decisive step towards the application of greater antitrust scrutiny of the ai economy. with regard to impending ai investigations, kanter stated that the doj is looking into whether “decisions are being made that show companies are not caring about maximizing profitability or generating shareholder value, but more looking at the competitive consequence” in their corporate strategy. antitrust enforcers are particularly interested in a novel business strategy being adopted by major players in the ai space that regulators have dubbed “acqui hiring.” acqui hiring is a strategy whereby a more established technology firm partners with a smaller firm specializing in an emerging technology, such as ai. the larger firm can then utilize the expertise of the smaller firm to produce lucrative products and services without having to acquire the smaller firm. unlike an acquisition or a merger, acqui hiring arrangements in most circumstances would not require a mandatory hart scott submission and review. defenders of the acqui hiring model assert that the strategy is pro competitive and drives innovation. antitrust enforcers, however, are not so sure. “we are focused on the facts. if the form is different but the substance is the same, then we will not hesitate to act,” asserted kanter. “we look at what are the raw materials to produce a product. whether that’s steel or engineers, that fits within the traditional paradigm of what we care about.” as we have discussed at length in previous newsletters, in the absence of congressional action on ai policy, the executive branch and its associated agencies have taken the leading role in regulating ai on a federal level. the ftc and doj have played a significant part in president biden’s “all of government” approach to ai. over the past year and a half, each agency has released substantial business guidance on ai, brought cases against ai companies, both large and small, and conferenced with foreign counterparts on ai policy. given the central role that the ftc and doj are playing in the emerging field of ai regulation, interested parties should closely track the policies and pronouncements coming out of these agencies. we will continue to monitor, analyze, and issue reports on the pronouncements and initiatives of the doj and ftc. please feel free to contact us if you have questions as to current practices or how to proceed. get our latest thought leadership review cookie management center © 2025 mintz, levin, cohn, ferris, glovsky and popeo, p.c. all rights reserved.

supported by microsoft’s all in moment on artificial intelligence has been defined by billions in spending and a c.e.o. counting on technology with huge potential and huge risks. by karen weise and cade metz the justice department and the federal trade commission agreed to divide responsibility for investigating three major players in the artificial intelligence industry. by david mccabe las pequeñas empresas se juegan miles de millones de dólares para competir con empresas como microsoft y google. y puede que ni siquiera eso sea suficiente. by cade metz, karen weise and tripp mickle the table stakes for small companies to compete with the likes of microsoft and google are in the billions of dollars. and even that may not be enough. by cade metz, karen weise and tripp mickle demis hassabis and mustafa suleyman, who both grew up in london, feared a corporate rush to build artificial intelligence. now they’re driving that competition at google and microsoft. by cade metz and nico grant “being a c.e.o. sucks. elon was right. it is like looking into the abyss and chewing glass.” by kevin roose, casey newton, davis land, rachel cohn, jen poyant, chris wood, dan powell, marion lozano and rowan niemisto hiring mustafa suleyman, the deepmind co founder, is a coup for the tech giant’s ambitions. but regulators may be skeptical. by andrew ross sorkin, ravi mattu, bernhard warner, sarah kessler, michael j. de la merced, lauren hirsch and ephrat livni mustafa suleyman is leaving a start up called inflection to take the senior position with microsoft. by karen weise and cade metz if 2023 was the year of a.i. awakening, 2024 could be the year of a.i. reckoning. by vivienne walt to power artificial intelligence products, start ups and investors are taking extraordinary measures to obtain critical chips known as graphics processing units, or gpus. by erin griffith

linkedin and 3rd parties use essential and non essential cookies to provide, secure, analyze and improve our services, and to show you relevant ads (including professional and job ads) on and off linkedin. learn more in our cookie policy. select accept to consent or reject to decline non essential cookies for this use. you can update your choices at any time in your settings. agree & join linkedin by clicking continue to join or sign in, you agree to linkedin’s user agreement, privacy policy, and cookie policy. sme   #leadership, #solutionsarchitecture (#cloud, #bigdata, #vectordb, #llm, #datascience, #genai, #dataanalytics, #dataengineering, #dataarchitecture, #machinelearning, #artificialintelligence, #yugabytedb, #cockroach) u.s. clears way for antitrust inquiries of nvidia, microsoft and openai: the justice department and the federal trade commission agreed to divide responsibility for investigating three major players in the artificial intelligence industry. #technology #tech #futuretech to view or add a comment, sign in policy analyst, data and artificial intelligence 🚨 breaking news 🚨 the u.s. department of justice (doj) and federal trade commission (ftc) have reached a groundbreaking deal, allowing them to launch antitrust investigations into the dominant roles of microsoft, openai, and nvidia in the ai industry. the doj will lead the investigation into nvidia, the leading maker of ai chips, while the ftc will focus on openai and microsoft. imo, this is a crucial step as we move towards integrated and ubiquitous ai. in canada, it’s imperative that all data centers processing ai responses be located within the country ( all means all). if we face deficits, it’s essential to build new facilities proactively. regular inspections with federal government oversight are necessary to ensure trust in these facilities and their equipment through consistent testing. https://lnkd.in/eagdxd9k #ai #antitrust #technews #doj #ftc #microsoft #openai #nvidia #canada #datacenters #innovation to view or add a comment, sign in chief operating officer (coo) & digital transformation expert | ai, cloud, software & industry 4.0 | driving growth & digital transformation what are the potential impacts of these antitrust investigations on microsoft, nvidia, and openai? 🚨 the u.s. justice department and ftc have taken a significant step towards regulating the ai industry by launching antitrust investigations into nvidia, microsoft, and openai. this move highlights the increasing scrutiny of ai technologies and their market dominance. nvidia, the leading maker of ai chips, will be investigated by the justice department, while the ftc will examine the practices of openai and microsoft, especially given microsoft’s substantial investment in openai. #artificialintelligence #antitrust #nvidia #microsoft #openai #innovation 👉 read more: https://lnkd.in/egq8bwnf to view or add a comment, sign in helping senior leaders and c suite executives unlock the strategic impact of emerging technologies (ai, ar, iot, blockchain) | driving enterprise growth and revenue through innovation | ethical ai champion i'm willing to leave room for doubt but this seems like a massive overreach. i attended ai conferences in 2018 and 2019 and saw the writing on the wall. nvidia was too expensive for me so i bought amd. i also bought microsoft. amd did really well for me as has microsoft. i kick myself for not biting the bullet and buying nvidia. the leaders of these companies and their teams positioned themselves to lead in ai. that's what i saw at those conferences. nvidia's commitment to cuda, their api that allowed ai developers to take advantage of their chips' power, was prescient. they couldn't have anticipated so much would happen so rapidly. the ftc's action, i believe, only serves to throw a monkey wrench in the ai hegemony these companies have been key in enabling. to view or add a comment, sign in author, speaker, former regional chief legal officer & company secretary with international trade (anti dumping), cross border dispute resolution & transactional experience in it, manufacturing and mining industries "federal regulators have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that microsoft, openai and nvidia play in the artificial intelligence industry, in the strongest sign of how regulatory scrutiny into the powerful technology has escalated. the justice department and the federal trade commission (f.t.c.) struck the deal over the past week, and it is expected to be completed in the coming days, according to two people with knowledge of the matter, who were not authorized to speak publicly about the confidential discussions. under the arrangement, the justice department will take the lead in investigating whether the behavior of nvidia, the biggest maker of a.i. chips, has violated antitrust laws, the people said. the f.t.c. will play the lead role in examining the conduct of openai, which makes the chatgpt chatbot, and microsoft, which has invested $13 billion in openai and made deals with other a.i. companies, the people said. ... the discussions between the f.t.c. and justice department over the a.i. companies entered their final stages within the last week and involved the senior levels of both agencies, said one person with knowledge of the discussions, who is an f.t.c. official. lina khan, the chair of the f.t.c., said in a february interview that when it came to a.i., the agency was trying to spot 'potential problems at the inception rather than years and years and years later, when problems are deeply baked in and much more difficult to rectify.' ... last week, the justice department’s antitrust division organized a conference about a.i. at stanford university. in his opening remarks, jonathan kanter, the top antitrust official at the agency, pointed to 'structures and trends in a.i. that should give us pause.' ” "spokeswomen for the f.t.c. and the justice department declined to comment. microsoft and openai didn’t immediately respond to requests for comment. a representative for nvidia declined to comment." david mccabe, u.s. clears way for antitrust inquiries of nvidia, microsoft and openai the justice department and the federal trade commission agreed to divide responsibility for investigating three major players in the artificial intelligence industry, 𝘕𝘦𝘸 𝘠𝘰𝘳𝘬 𝘛𝘪𝘮𝘦𝘴, 6 june 2024, https://lnkd.in/gqukar x to view or add a comment, sign in competition lawyer | dma litigator | partner @ hausfeld | prof. dr. ll.m the us doj and ftc have agreed to proceed with #antitrust investigations into nvidia, the largest producer of ai chips, and microsoft/openai, regarding potentially anti competitive agreements relating to generative #ai. according to the the new york times, while the doj will investigate nvidia, with a focus on how the company’s software locks customers into using its chips, the ftc will examine the conduct of openai and microsoft, with a focus on potential tying practices. https://lnkd.in/e62rr8sm following the recent speeches of lina khan https://lnkd.in/e6vnvwe9 and jonathan kanter https://lnkd.in/ebusafex on the risks posed by the use of generative ai in the hands of already dominant tech companies, such move doesn’t come as a surprise. “the agreement signals intensifying scrutiny by the justice department and the f.t.c. into a.i., a rapidly advancing technology that has the potential to upend jobs, information and people’s lives.” as lina khan explained, the ftc is trying to spot “potential problems at the inception rather than years and years and years later, when problems are deeply baked in and much more difficult to rectify.” history has shown that this is the right approach. yesterday, matt brittin, google's president emea, argued that the "risk of missing out" would outweigh all other risks. https://lnkd.in/ese5a at. however, there is simply too much at stake for another wave of “move fast and break things”. the risk of messing up, is more significant. to view or add a comment, sign in founder & ceo of kyield. pioneer in artificial intelligence, data physics and knowledge engineering. big news from the nyt this morning    the ag will lead an antitrust investigation into the ai market with a focus on microsoft, openai and nvidia. although nvidia may be a surprise to some, it would be difficult to investigate the ai market without also investigating nvidia, with particular interest on supply of chips. if for example companies have been acquiring large amounts of specialty chips like h100 gpus to prevent competition rather than for generating revenue, then that could be a prosecutable behavior. it's recently been reported that microsoft is the largest customer of nvidia, and nvidia's cfo said that about 45% of their datacenter business is from big techs. since big techs have more money than anyone else, much of which comes from monopolies, if they are using that market power to prevent competition, whether by attempting to buy all the chips, specialty talent, or startups, then that's clearly anticompetitive behavior and probably illegal. there is also no question in my mind and many others that's precisely what's been occurring for many years now. i think it's probably good news that the ag antitrust division is leading the investigation as they have a better track record than the ftc. the real question is how much the presidential election year is influencing this. i don't have enough evidence to comment on that other than to say i think the big tech antitrust issue is bipartisan, and appears to be becoming a much larger concern across society, industries, and countries. to view or add a comment, sign in 436 followers the justice department and the federal trade commission agreed to divide responsibility for investigating three major players in the artificial intelligence industry. here at humaina we have always been very vocal when it comes to data privacy and consumer rights and we see this a positive step in the right direction. however, we believe this is just a small band aid to address the growing concerns from the public with regards to how the data we generate using common productivity tools is being unapologetically used to train closed source ai models for companies that are on a cult like mission to build agi (artifical general intelligence). if you refuse to agree to the updated t&c's and share your ideas, business plan, designs, customer's data with these platforms, you lose your access; meaning all the work you have stored on their servers and the network of clients and suppliers you have built over years. this investigation conducted by the us federal government is not likely to yield any measurable results, because those bodies rely on big tech to act as their advisors and fund them via lobbying. with the help of experienced consultants who understand the latest ai tools as well as the regulatory landscape you can optimize your business processes whilst staying true to your values and remaining fully in control of your data and ai safety. contact us for an informal chat. founder & ceo of kyield. pioneer in artificial intelligence, data physics and knowledge engineering. big news from the nyt this morning    the ag will lead an antitrust investigation into the ai market with a focus on microsoft, openai and nvidia. although nvidia may be a surprise to some, it would be difficult to investigate the ai market without also investigating nvidia, with particular interest on supply of chips. if for example companies have been acquiring large amounts of specialty chips like h100 gpus to prevent competition rather than for generating revenue, then that could be a prosecutable behavior. it's recently been reported that microsoft is the largest customer of nvidia, and nvidia's cfo said that about 45% of their datacenter business is from big techs. since big techs have more money than anyone else, much of which comes from monopolies, if they are using that market power to prevent competition, whether by attempting to buy all the chips, specialty talent, or startups, then that's clearly anticompetitive behavior and probably illegal. there is also no question in my mind and many others that's precisely what's been occurring for many years now. i think it's probably good news that the ag antitrust division is leading the investigation as they have a better track record than the ftc. the real question is how much the presidential election year is influencing this. i don't have enough evidence to comment on that other than to say i think the big tech antitrust issue is bipartisan, and appears to be becoming a much larger concern across society, industries, and countries. to view or add a comment, sign in ...u.s. clears way for antitrust inquiries of nvidia, microsoft and openai the justice department and the federal trade commission agreed to divide responsibility for investigating three major players in the artificial intelligence industry.... #ai #artificialintelligence #antitrust #antitrustlaw #competition #competitionlaw https://lnkd.in/egwqcy_u to view or add a comment, sign in entrepreneurial cfo, controller & consultant   technology | services | consumer products | distribution | manufacturing the justice department and the federal trade commission agreed to divide responsibility for investigating three major players in the artificial intelligence industry. federal regulators have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that microsoft, openai and nvidia play in the artificial intelligence industry, in the strongest sign of how regulatory scrutiny into the powerful technology has escalated. the justice department and the federal trade commission struck the deal over the past week, and it is expected to be completed in the coming days, according to two people with knowledge of the matter, who were not authorized to speak publicly about the confidential discussions. under the arrangement, the justice department will take the lead in investigating whether the behavior of nvidia, the biggest maker of a.i. chips, has violated antitrust laws, the people said. the f.t.c. will play the lead role in examining the conduct of openai, which makes the chatgpt chatbot, and microsoft, which has invested $13 billion in openai and made deals with other a.i. companies, the people said. the agreement signals intensifying scrutiny by the justice department and the f.t.c. into a.i., a rapidly advancing technology that has the potential to upend jobs, information and people’s lives. both agencies have been at the forefront of the biden administration’s efforts to rein in the power of the biggest tech companies. after a similar deal in 2019, the government investigated google, apple, amazon and meta and has since sued each of them on claims that they violated antimonopoly laws. #ai #regulations #monopoly #ftc #nvidia #microsoft #openai to view or add a comment, sign in the informed contrarian: providing the pushback that moves business forward “ftc reached a deal that allows them to proceed with antitrust investigations into the dominant roles that microsoft, openai, and nvidia play in the artificial intelligence industry, the new york times reported wednesday, citing people familiar with the matter. under the deal, the department of justice will take the lead in investigating whether nvidia violated antitrust laws, while the ftc will examine the conduct of openai and microsoft, the report said. while openai's parent is a nonprofit, microsoft has invested $13 billion in a for profit subsidiary, for what would be a 49% stake… the moves signal growing regulatory scrutiny into the ai industry. in january, the ftc ordered openai, microsoft, alphabet amazon, and anthropic to provide information on recent investments and partnerships involving generative ai companies and cloud service providers. in july last year, the ftc opened an investigation into openai on claims it had run afoul of consumer protection laws by putting personal reputations and data at risk. last week, u.s. antitrust chief jonathan kanter referred to "structures and trends in ai that should give us pause," at an ai conference, adding that the technology relies on massive amounts of data and computing power, which can give already dominant firms a substantial advantage.” thomson/reuters to view or add a comment, sign in 680,044 followers create your free account or sign in to continue your search or by clicking continue to join or sign in, you agree to linkedin’s user agreement, privacy policy, and cookie policy. new to linkedin? join now or new to linkedin? join now by clicking continue to join or sign in, you agree to linkedin’s user agreement, privacy policy, and cookie policy. linkedin never miss a beat on the app don’t have the app? get it in the microsoft store.

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your rights as a consumer and how to spot and avoid scams. find the resources you need to understand how consumer protection law impacts your business. visit militaryconsumer.gov visit consumer.gov visit competition counts competition guidance view news and events view more events sign up for the latest news learn about the ftc's notable video game cases and what our agency is doing to keep the public safe. explore refund statistics including where refunds were sent and the dollar amounts refunded with this visualization. our mission is protecting the public from deceptive or unfair business practices and from unfair methods of competition through law enforcement, advocacy, research, and education. learn more about the ftc andrew n. ferguson is chairman of the federal trade commission. chairman andrew n. ferguson looking for legal documents or records? search the legal library instead. looking for legal documents or records? search the legal library instead. tags: the federal trade commission is taking action against multiple companies that have relied on artificial intelligence as a way to supercharge deceptive or unfair conduct that harms consumers, as part of its new law enforcement sweep called operation ai comply. the cases being announced today include actions against a company promoting an ai tool that enabled its customers to create fake reviews, a company claiming to sell “ai lawyer” services, and multiple companies claiming that they could use ai to help consumers make money through online storefronts. “using ai tools to trick, mislead, or defraud people is illegal,” said ftc chair lina m. khan. “the ftc’s enforcement actions make clear that there is no ai exemption from the laws on the books. by cracking down on unfair or deceptive practices in these markets, ftc is ensuring that honest businesses and innovators can get a fair shot and consumers are being protected.” claims around artificial intelligence have become more prevalent in the marketplace, including frequent promises about the ways it could potentially enhance people’s lives through automation and problem solving. the cases included in this sweep show that firms have seized on the hype surrounding ai and are using it to lure consumers into bogus schemes, and are also providing ai powered tools that can turbocharge deception. the ftc is taking action against donotpay, a company that claimed to offer an ai service that was “the world’s first robot lawyer,” but the product failed to live up to its lofty claims that the service could substitute for the expertise of a human lawyer. according to the ftc’s complaint, donotpay promised that its service would allow consumers to “sue for assault without a lawyer” and “generate perfectly valid legal documents in no time,” and that the company would “replace the $200 billion dollar legal industry with artificial intelligence.” donotpay, however, could not deliver on these promises. the complaint alleges that the company did not conduct testing to determine whether its ai chatbot’s output was equal to the level of a human lawyer, and that the company itself did not hire or retain any attorneys. the complaint also alleges that donotpay offered a service that would check a small business website for hundreds of federal and state law violations based solely on the consumer’s email address. this feature purportedly would detect legal violations that, if unaddressed, would potentially cost a small business $125,000 in legal fees, but according to the complaint, this service was also not effective. the commission vote authorizing the staff to issue the complaint and proposed administrative order was 5 0. commissioner holyoak issued a concurring statement joined by chair lina m. khan. commissioner ferguson also issued a concurring statement. the ftc will publish a description of the consent agreement package in the federal register soon. the agreement will be subject to public comment for 30 days, after which the commission will decide whether to make the proposed consent order final. instructions for filing comments appear in the published notice. once processed, comments will be posted on regulations.gov. the ftc has filed a lawsuit against an online business opportunity scheme that it alleges has falsely claimed its “cutting edge” ai powered tools would help consumers quickly earn thousands of dollars a month in passive income by opening online storefronts. according to the complaint, the scheme has defrauded consumers of at least $25 million. the scheme is run by william basta and kenneth leung, and it has operated under a number of different names since 2021, including ascend ecom, ascend ecommerce, ascend capventures, acv partners, acv, accelerated ecom ventures, ethix capital by ascend, and acv nexus. according to the ftc’s complaint, the operators of the scheme charge consumers tens of thousands of dollars to start online stores on ecommerce platforms such as amazon, walmart, etsy, and tiktok, while also requiring them to spend tens of thousands more on inventory. ascend’s advertising content claimed the company was a leader in ecommerce, using proprietary software and artificial intelligence to maximize clients’ business success. the complaint notes that, while ascend promises consumers it will create stores producing five figure monthly income by the second year, for nearly all consumers, the promised gains never materialize, and consumers are left with depleted bank accounts and hefty credit card bills. the complaint alleges that ascend received numerous complaints from consumers, pressured consumers to modify or delete negative reviews of ascend, frequently failed to honor their “guaranteed buyback,” and unlawfully threatened to withhold the supposed “guaranteed buyback” for those who left negative reviews of the company online. as a result of the ftc’s complaint, a federal court issued an order temporarily halting the scheme and putting it under the control of a receiver. the ftc’s case against the scheme is ongoing and will be decided by a federal court. the commission vote authorizing the staff to file the complaint was 5 0. the complaint was filed in the u.s. district court for the central district of california. the ftc has charged a business opportunity scheme with falsely claiming to help consumers build an “ai powered ecommerce empire” by participating in its training programs that can cost almost $2,000 or by buying a “done for you” online storefront for tens of thousands of dollars. the scheme, known as ecommerce empire builders (eeb), claims consumers can potentially make millions of dollars, but the ftc’s complaint alleges that those profits fail to materialize. the complaint alleges that eeb’s ceo, peter prusinowski, has used consumers’ money   as much as $35,000 from consumers who purchase stores   to enrich himself while failing to deliver on the scheme’s promises of big income by selling goods online. in its marketing, eeb encourages consumers to “skip the guesswork and start a million dollar business today” by harnessing the “power of artificial intelligence” and the scheme’s supposed strategies. in social media ads, eeb claims that its clients can make $10,000 monthly, but the ftc’s complaint alleges that the company has no evidence to back up those claims. numerous consumers have complained that stores they purchased from eeb made little or no money, and that the company has resisted providing refunds to consumers, either denying refunds or only providing partial refunds. as a result of the ftc’s complaint, a federal court issued an order temporarily halting the scheme and putting it under the control of a receiver. the ftc’s case against the scheme is ongoing and will be decided by a federal court. the commission vote authorizing the staff to file the complaint against prusinowski and his company was 5 0. the complaint was filed in the u.s. district court for the eastern district of pennsylvania. the proposed order settling the commission’s complaint is designed to prevent rytr from engaging in similar illegal conduct in the future. it would bar the company from advertising, promoting, marketing, or selling any service dedicated to   or promoted as   generating consumer reviews or testimonials. the commission vote authorizing the staff to issue the complaint and proposed administrative order was 3 2, with commissioners melissa holyoak and andrew ferguson voting no. commissioners holyoak and ferguson issued statements. the ftc will publish a description of the consent agreement package in the federal register soon. the agreement will be subject to public comment for 30 days, after which the commission will decide whether to make the proposed consent order final. instructions for filing comments appear in the published notice. once processed, comments will be posted on regulations.gov. in june, the ftc took action against a business opportunity scheme that allegedly falsely promised consumers that they would make guaranteed income through online storefronts that utilized ai powered software. according to the ftc, the scheme, which has operated under the names passive scaling and fba machine, cost consumers more than $15.9 million based on deceptive earnings claims that rarely, if ever, materialize. the complaint alleges that bratislav rozenfeld (also known as steven rozenfeld and steven rozen) has operated the scheme since 2021, initially as passive scaling. when passive scaling failed to live up to its promises and consumers sought refunds and brought lawsuits, rozenfeld rebranded the scheme as fba machine in 2023. the rebranded marketing materials claim that fba machine uses “ai powered” tools to help price products in the stores and maximize profits. the scheme’s claims were wide ranging, promising consumers that they could operate a “7 figure business” and citing supposed testimonials from clients who “generate over $100,000 per month in profit.” company sales agents told consumers that the business was “risk free” and falsely guaranteed refunds to consumers who did not make back their initial investments, which ranged from tens of thousands to hundreds of thousands of dollars. as a result of the ftc’s complaint, a federal court issued an order temporarily halting the scheme and putting it under the control of a receiver. the case against the scheme is still under way and will be decided by a federal court. the commission vote authorizing the staff to file the complaint against rozenfeld and a number of companies involved in the scheme was 5 0. the complaint was filed in the u.s. district court for the district of new jersey. the operation ai comply cases being announced today build on a number of recent ftc cases involving claims about artificial intelligence, including: automators, another online storefront scheme; career step, a company that allegedly used ai technology to convince consumers to enroll in bogus career training; ngl labs, a company that allegedly claimed to use ai to provide moderation in an anonymous messaging app it unlawfully marketed to children; rite aid, which allegedly used ai facial recognition technology in its stores without reasonable safeguards; and cri genetics, a company that allegedly deceived users about the accuracy of its dna reports, including claims it used an ai algorithm to conduct genetic matching. the federal trade commission works to promote competition and protect and educate consumers. the ftc will never demand money, make threats, tell you to transfer money, or promise you a prize. learn more about consumer topics at consumer.ftc.gov, or report fraud, scams, and bad business practices at reportfraud.ftc.gov. follow the ftc on social media, read consumer alerts and the business blog, and sign up to get the latest ftc news and alerts. blog: operation ai comply: detecting ai infused frauds and deceptions how to evaluate online reviews when a business offer or coaching program is a scam blog: operation ai comply: continuing the crackdown on overpromises and ai related lies
artificial intelligence supported by the justice department and the federal trade commission agreed to divide responsibility for investigating three major players in the artificial intelligence industry. by david mccabe reporting from washington federal regulators have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that microsoft, openai and nvidia play in the artificial intelligence industry, in the strongest sign of how regulatory scrutiny into the powerful technology has escalated. the justice department and the federal trade commission struck the deal over the past week, and it is expected to be completed in the coming days, according to two people with knowledge of the matter, who were not authorized to speak publicly about the confidential discussions. under the arrangement, the justice department will take the lead in investigating whether the behavior of nvidia, the biggest maker of a.i. chips, has violated antitrust laws, the people said. the f.t.c. will play the lead role in examining the conduct of openai, which makes the chatgpt chatbot, and microsoft, which has invested $13 billion in openai and made deals with other a.i. companies, the people said. the agreement signals intensifying scrutiny by the justice department and the f.t.c. into a.i., a rapidly advancing technology that has the potential to upend jobs, information and people’s lives. both agencies have been at the forefront of the biden administration’s efforts to rein in the power of the biggest tech companies. after a similar deal in 2019, the government investigated google, apple, amazon and meta and has since sued each of them on claims that they violated antimonopoly laws. for months, nvidia, microsoft and openai largely escaped the brunt of the biden administration’s regulatory scrutiny. but that began to change as generative a.i., which can produce humanlike text, photos, videos and audio, burst onto the scene in late 2022 and created an industry frenzy. regulators have recently signaled that they want to get ahead of developments in a.i. in july, the f.t.c. opened an investigation into whether openai had harmed consumers through its collection of data. in january, the f.t.c. also started a broad inquiry into strategic partnerships between tech giants and a.i. start ups, including microsoft’s investment in openai and google’s and amazon’s investments in anthropic, another young a.i. company.

 june 20, 2024 according to a report from new york times reporter david mccabe, federal regulators have agreed to share responsibilities for investigating antitrust issues within the artificial intelligence (ai) industry. here are three key takeaways from the report: 1. doj takes nvidia, ftc takes openai, microsoft. the justice department antitrust division and the federal trade commission (ftc) have agreed to divide their investigative efforts, with the justice department focusing on nvidia, the leading manufacturer of ai chips, and the ftc examining the conduct of chatgpt company openai and microsoft, which has invested $13 billion in openai and more in other platforms, the times reports, saying the division of duties will help the government effectively scrutinize the dominant roles these companies play in the rapidly evolving ai sector. 2. probe is part of greater regulatory scrutiny of tech. this agreement marks an escalation in regulatory scrutiny of ai technologies, reflecting concerns over the potential impact of ai on jobs, information, and everyday life. both agencies have been actively involved in the biden administration’s broader efforts to regulate major tech companies, and this move extends their focus to include ai, which has seen a surge in development and application since late 2022, the times notes. 3. feds are following a familiar path.