Microsoft's AI deal under federal investigation
·1 min
The Federal Trade Commission is investigating a recent deal between Microsoft and an artificial intelligence startup. This comes as US antitrust regulators increase their scrutiny of the AI industry. The investigation is part of a larger agreement between the FTC and the Justice Department to jointly oversee major AI companies. The focus of the investigation will be on whether these companies have used their dominant positions to harm competition. The FTC is specifically looking into whether Microsoft’s investment in the AI startup constituted an undisclosed acquisition. The US agencies are looking to bring existing laws to bear on the AI industry while efforts to pass new AI regulations have stalled.