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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...
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Amazon is facing a one billion-pound ($1.3 billion) collective lawsuit from British retailers who allege that the online marketplace misused their data to boost its own market share and profits. The British Independent Retailers Association (BIRA), an umbrella body grouping numerous small traders, was due to file the lawsuit on behalf of around 35,000 retailers at the Competition Appeal Tribunal (CAT) in London on Thursday, its lawyers said. The suit alleges that Amazon made use of non-public data provided by retailers selling goods on Amazon's Marketplace to offer cheaper rival products for sale directly to consumers...
Continue ReadingNvidia's dominant position looks to have attracted interest from regulators. The U.S. Justice Department is set to investigate whether the chip maker has violated antitrust laws, according to a report...
Continue ReadingBy making it easier to enroll and access financial services such as buy now/pay later lending, the search giant hopes to enhance connections with users...
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DexCom (DXCM) announces the direct connectivity of its G7 CGM system to Apple Watch for users in the United States, the UK, and Ireland...
Continue ReadingTechnology stocks were muted early on Thursday after a strong session on Wednesday, with investment in artificial-intelligence technology still top of the agenda. Microsoft shares were up 0.1% in early trading as it faces regulators’ questions over its artificial-intelligence investment. The Federal Trade Commission is investigating whether Microsoft structured a deal to employ Inflection AI’s co-founder and almost all of its employees to avoid an antitrust investigation, The Wall Street Journal reported, citing people familiar with the matter...
Continue Reading(Bloomberg) -- The two US antitrust agencies have agreed to divide responsibility over the artificial intelligence industry, giving the Federal Trade Commission the go-ahead to open a probe into Microsoft Corp.’s relationship with OpenAI, according to people familiar with the matter.Most Read from BloombergBillionaire-Friendly Modi Humbled by Indians Who Make $4 a DayBehind ‘Suicide Squad,’ the Year’s Biggest Video-Game FlopA Struggling Business Park Deals a Blow to Singapore's Regional Hub Ambi...
Continue ReadingNvidia Corp’s (NASDAQ:NVDA) stock surged to record highs on Wednesday, valuing the company at over $3 trillion and making it the world’s second most valuable company, surpassing Apple Inc (NASDAQ:AAPL). Nvidia plans a ten-for-one stock split on June 7 to attract more individual investors. Nvidia’s valuation has soared 147% in 2024 due to strong demand for AI processors from companies like Microsoft Corp (NASDAQ:MSFT), Meta Platforms Inc (NASDAQ:META), and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL...
Continue ReadingUpdate: Market Chatter: FTC Probes Microsoft's $650 Million Partnership With Inflection AI Over Antitrust Concerns...
Continue ReadingNvidia stock retreated in early trading Thursday, a day after the company's market cap topped $3 trillion...
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