FTC launches AI inquiry into Amazon, Alphabet, Microsoft, looking at investments and partnerships

▤ Summary

Khan assumed the role of FTC chair in June 2021 after being appointed by U.S. President Joe Biden and confirmed by the Senate. (Photo by Drew Angerer/Getty Images) The Federal Trade Commission said Thursday it will conduct an extensive study on the artificial intelligence fields biggest heavyweights, including Amazon , Alphabet , Microsoft , Anthropic and OpenAI. By invoking its authority to conduct a so-called 6(b) study — named for Section 6(b) of the FTC Act — the regulator can look into the AI companies separately from its law enforcement arm and make civil investigative demands. "Theres no AI exemption from the laws on the books, and were looking closely at the ways companies may be using their power to thwart competition or trick the public." In 2022, the FTC launched a similar inquiry into the prescription drug middleman industry, "requiring the six largest pharmacy benefit managers to provide information and records regarding their business practices."

▦ Linked Companies

Microsoft

$1B+