FTC launches inquiry to scrutinize tech giant investments in OpenAI and Anthropic (www.geekwire.com)
TLDR; Summary
- The Federal Trade Commission (FTC) is launching an inquiry to investigate investments made by Microsoft and Amazon in AI startups OpenAI and Anthropic.
- The inquiry aims to understand the investments and partnerships formed between generative AI developers and cloud service providers.
- Microsoft has invested over $10 billion in OpenAI, while Amazon has committed to investing up to $4 billion in Anthropic.
- Microsoft's Azure is the exclusive cloud provider to OpenAI, and Anthropic has made Amazon Web Services its main cloud provider.
- The FTC is concerned about the potential distortion of innovation and fair competition due to investments and partnerships pursued by dominant companies.
- This move by the FTC is part of its efforts to scrutinize Big Tech and its power in the market as the AI race intensifies.