FTC Launches Inquiry into Tech Companies’ AI Investments

The commission examines the impact on competition and innovation.

The Federal Trade Commission (FTC) issued orders to Alphabet, Amazon, Anthropic, Microsoft, and OpenAI, requiring them to provide information on recent investments and partnerships involving generative AI companies and major cloud service providers. The FTC’s inquiry will examine corporate collaborations with AI providers to enhance the commission’s internal understanding of these relationships and assess the impact on the competitive landscape.

“History shows that new technologies can create new markets and healthy competition. As companies race to develop and monetize AI, we must guard against tactics that foreclose this opportunity,” said FTC Chair Lina Khan. “Our study will shed light on whether investments and partnerships pursued by dominant companies risk distorting innovation and undermining fair competition.”

As the Lord Leads, Pray with Us…

  • For Chair Khan to receive God’s guidance as she heads the FTC.
  • For the FTC commissioners to be discerning in their review of technology companies’ AI practices.

Sources: Federal Trade Commission

RECENT PRAYER UPDATES

Back to top
FE3