Federal regulators strike deal: AI giants Microsoft, OpenAI and Nvidia face antitrust investigations, says report | Windows

The development marks the strongest indication yet of escalating regulatory scrutiny of this powerful technology, as per a New York Times report.

The Justice Department and the Federal Trade Commission (FTC) finalized the deal over the past week, with completion expected in the coming days. 

According to two sources familiar with the matter, who requested anonymity due to the confidential nature of the discussions, the Justice Department will lead the investigation into Nvidia, the top maker of AI chips. At the same time, the FTC will focus on OpenAI and Microsoft. The report added that Microsoft has invested $13 billion in OpenAI and made deals with other AI companies.

Also Read | Microsoft layoffs: Tech giant announces job cuts; 1,000 employees to be laid off

The agreement signals increased scrutiny from both the Justice Department and the FTC into AI, a technology advancing rapidly and potentially impacting…

Source www.livemint.com

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