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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Amazon.com Inc | NASDAQ:AMZN | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 184.72 | 184.18 | 184.24 | 0 | 01:00:00 |
From Nov 2023 to May 2024
By Ben Glickman
Federal regulators are requesting information from Microsoft, Google and Amazon about their investments in artificial intelligence companies.
The Federal Trade Commission said Thursday that its inquiry would examine recent investments and partnerships related to generative AI and major cloud-service providers.
The agency sent requests for information to the three tech giants, as well as ChatGPT-maker OpenAI and AI startup Anthropic PBC.
Microsoft has made a multi-billion-dollar investment in OpenAI, while both Amazon and Google have invested in Anthropic.
The inquiries by the FTC would allow regulators to gain a deeper understanding of the market and business practices, which may inform future actions.
The FTC said it is looking for more information on the investments and partnerships and their competitive effect, as well as competition for "AI inputs and resources."
The five companies will have 45 days from receipt of the order to respond.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
January 25, 2024 12:57 ET (17:57 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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