FTC Launches Inquiry into Generative AI Investments and Partnerships
Summary
On January 25, 2024, the Federal Trade Commission (FTC) announced that it issued orders to five companies requiring them to provide information regarding recent investments and partnerships involving generative AI companies and major cloud service providers. The five companies that were sent the orders were Alphabet Inc., Amazon.com. Inc., Anthropic PBC, Microsoft Corp. and OpenAI Inc. The goal of the FTC’s inquiry, ordered under Section 6(b) of the FTC Act, is to scrutinize these companies’ relationships with AI providers and understand their impact on the competitive landscape. The companies have 45 days from the date they receive the order to respond.
Impacted Sectors
Additional Information
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