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U.S. launches antitrust probe into Nvidia & OpenAI over AI. #antitrust

U.S. initiate antitrust investigation into Nvidia & OpenAI over AI concerns

The U.S. Federal Trade Commission (FTC) and the Department of Justice (DOJ) have launched antitrust investigations into big tech companies like Nvidia, which has surpassed Apple to become the second most valuable business. The investigations are focused on the dominant roles that Microsoft, OpenAI, and Nvidia play in the artificial intelligence industry. This move comes after a deal was reached between the Justice Department and the FTC to allow for potential antitrust inquiries into these tech giants. The investigations aim to address concerns about the market power and potential anti-competitive practices of these companies in the rapidly growing AI sector. The investigations highlight the increasing scrutiny and regulatory oversight facing big tech companies as they continue to expand their influence and market dominance.

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Source link: https://tickernews.co/u-s-initiate-antitrust-investigation-into-nvidia-openai-over-ai-concerns/amp/

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