Tag GOOGL

The agency has issued orders seeking information about artificial-intelligence investments to Microsoft, OpenAI, Amazon.com, Anthropic and Google-owner Alphabet...

(Bloomberg) -- Alphabet Inc., Amazon.com Inc. and Microsoft Corp. received inquiries from the US Federal Trade Commission on their investments and partnerships with artificial intelligence startups Anthropic and OpenAI, part of a study on how AI is impacting competition in the technology industry.Most Read from BloombergPutin Sends US Signal on Ukraine Talks, Sensing Advantage in WarTesla Sinks After Warning About ‘Notably Lower’ Growth RateUS Extends Lead Over China in Race for World’s Biggest...

The Federal Trade Commission has launched an inquiry into Big Tech investments and partnerships—including Microsoft (MSFT), Amazon (AMZN) and Alphabet-owned Google (GOOG, GOOGL) – demanding information and documents concerning investment into AI developers including OpenAI and Anthropic, citing concerns of lack of competition. Specifically, the FTC and its Chair, Lina Khan, are exploring whether some of the world's biggest tech firms are potentially cornering the market of generative AI, allowing the field to be controlled by a select few players. Yahoo Finance’s Alexis Keenan breaks down the inquiry and what how the AI regulation landscape is changing. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live Editor's note: This article was written by Eyek Ntekim...