Justice Department & FTC Probe AI Industry Competition Issues
June 8, 2024
The US Department of Justice and Federal Trade Commission (FTC) are investigating the role of Big Tech companies, such as Nvidia, OpenAI, and Microsoft, in the artificial intelligence (AI) industry. Regulators are concerned about the advantages these companies have in accessing data used to train AI models, which could limit competition. Additionally, there is concern that generative AI could replicate creative work without compensating creators, allowing companies to exploit their power. The FTC has also launched an inquiry into AI companies and cloud service providers, scrutinizing partnerships and investments to ensure they do not undermine fair competition. Overall, the investigation aims to address potential issues with data access, worker exploitation, and unfair business practices in the AI industry.
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