The Justice Department and the FTC are investigating tech giants like Nvidia over their dominance in the AI market. With over 80% of the AI chip market, Nvidia is being questioned regarding its contracts and partnerships. The investigation is still in its early stages and may result in subpoenas if necessary. The FTC also examines investments by companies such as Microsoft, Amazon, and Alphabet in AI startups, raising concerns about potential monopolies. Antitrust leaders fear large firms could gain control of critical AI sectors, stifling competition and innovation.
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00:00It's Benzinga and here's what's on the block.
00:02The Justice Department and the FTC are investigating tech giants like NVIDIA over their dominance
00:07in the AI market.
00:09With over 80% of the AI chip market, NVIDIA is being questioned regarding its contracts
00:13and partnerships.
00:14The investigation is still in its early stages and may result in subpoenas if deemed necessary.
00:19The FTC is also examining investments by companies such as Microsoft, Amazon, and Alphabet in
00:24AI startups, raising concerns about potential monopolies.
00:28Antitrust leaders fear large firms could gain control of critical AI sectors, stifling
00:32competition and innovation.
00:34For all things money, visit Benzinga.com.