FTC launches inquiry into AI investments by big tech companies

The Federal Trade Commission ordered five companies to provide information about their investments involving generative artificial intelligence companies and cloud service providers. The five companies are Google parent company Alphabet, Amazon, Anthropic PBC, Microsoft and OpenAI. “History shows that new technologies can create new markets and healthy competition. As companies race to develop and monetize […]

FTC launches inquiry into AI investments by big tech companies

The Federal Trade Commission ordered five companies to provide information about their investments involving generative artificial intelligence companies and cloud service providers.

The five companies are Google parent company Alphabet, Amazon, Anthropic PBC, Microsoft and OpenAI.

“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, “FTC Chairwoman Lina M. Khan said in a press release. “Our study will shed light on whether investments and partnerships pursued by dominant companies risk distorting innovation and undermining fair competition.”

Related: Heinrich, Young urge funding for AI Safety Institute

According go the press release, the FTC is seeking information specifically related to:

  • Information regarding a specific investment or partnership, including agreements and the strategic rationale of an investment/partnership.
  • The practical implications of a specific partnership or investment, including decisions around new product releases, governance or oversight rights, and the topic of regular meetings.
  • Analysis of the transactions’ competitive impact, including information related to market share, competition, competitors, markets, potential for sales growth, or expansion into product or geographic markets.
  • Competition for AI inputs and resources, including the competitive dynamics regarding key products and services needed for generative AI.  
  • Information provided to any other government entity, including foreign government entities, in connection with any investigation, request for information, or other inquiry related to these topics.

The companies will have 45 days from the date they receive the order to respond.

We're ad free

That means that we rely on support from readers like you. Help us keep reporting on the most important New Mexico Stories by donating today.

Related

Politics Newsletter: Special Session recap

Politics Newsletter: Special Session recap

Hello fellow political junkies! Gov. Michelle Lujan Grisham called a special session on July 18 to tackle public safety issues ranging from criminal competency…
Legislators pass disaster assistance funding, end special session quickly

Legislators pass disaster assistance funding, end special session quickly

The two issues passed were only a fraction of what Gov. Michelle Lujan Grisham had on her special session agenda.
House votes to pass bill for fire relief, behavioral health treatments

House votes to pass bill for fire relief, behavioral health treatments

The House voted overwhelmingly to pass HB 1, the appropriations bill that provides funding for the special session, fire relief and behavioral health court…
PRC approves NM Gas Co. rate increase agreement

PRC approves NM Gas Co. rate increase agreement

The New Mexico Public Regulation Commission approved a stipulated agreement which is expected to result in a rate increase for customers.  The stipulated agreement…
12 tribes and pueblos in New Mexico could benefit from pending water rights settlements

12 tribes and pueblos in New Mexico could benefit from pending water rights settlements

For generations, the Zuni people were able to grow food in the New Mexico desert through what Pueblo of Zuni Gov. Arden Kucate described…

Climate change is bringing more deadly heat to New Mexico

Heat-related deaths and illnesses are increasing in New Mexico, as the state has experienced greater increases in temperature than many other parts of the…
Early childhood summit convened to discuss future of program

Early childhood summit convened to discuss future of program

About 200 people from tribal governors to legislators to advocates and teachers gathered at Bishop’s Lodge to discuss Early Childhood Education’s future in New…
Stansbury outlines funding secured for early childhood and youth services programs

Stansbury outlines funding secured for early childhood and youth services programs

U.S. Rep. Melanie Stansbury secured $8.3 million for childhood development and youth services in the 1st congressional district through federal community project funding. Stansbury,…
Amid new graduation requirements, what do high schoolers want to learn?

Amid new graduation requirements, what do high schoolers want to learn?

By Margaret O’Hara, The Santa Fe New Mexican The main things that bring Brayan Chavez to school every day: Seeing, talking to and engaging with…
Some mental health issues on the rise in New Mexico

Some mental health issues on the rise in New Mexico

A recent report by KFF, a foundation that provides health policy analysis, found mental health issues on the rise and disparities in mental health…
Heinrich questions FDA leadership on baby formula safety, mifepristone

Heinrich questions FDA leadership on baby formula safety, mifepristone

U.S. Food and Drug Administration Commissioner Dr. Robert Califf answered questions about the safety of human milk formula and mifepristone on Wednesday. Sen. Martin…
Health workers fear it’s profits before protection as CDC revisits airborne transmission

Health workers fear it’s profits before protection as CDC revisits airborne transmission

Amy Maxmen, KFF Health News Four years after hospitals in New York City overflowed with covid-19 patients, emergency physician Sonya Stokes remains shaken by…
Harris could excite Democratic voters on reproductive health

Harris could excite Democratic voters on reproductive health

Data indicates Vice President Kamala Harris could excite the Democratic base around the issue of abortion in a way that President Joe Biden struggled…
Reproductive rights groups endorse Vice President Kamala Harris for president

Reproductive rights groups endorse Vice President Kamala Harris for president

Vice President Kamala Harris, who announced on Sunday her intention to replace President Joe Biden as the presidential Democratic nominee, received immediate support from…
Heinrich files amendment to protect reproductive rights for the military

Heinrich files amendment to protect reproductive rights for the military

U.S. Sen. Martin Heinrich filed an amendment on Tuesday to codify a rule protecting veteran access to abortion in the case of rape, incest…
Supreme Court upends environmental and reproductive rights protections

Supreme Court upends environmental and reproductive rights protections

Two years after the U.S. Supreme Court overturned Roe v. Wade, the high court overturned another long-standing precedent on Friday that could undue both…
Supreme Court dismisses abortion case, advocates say it keeps legal questions open

Supreme Court dismisses abortion case, advocates say it keeps legal questions open

The Supreme Court punted on Thursday on a second abortion decision it heard this term, leaving open the question of whether a federal law…
Biden will protect reproductive access, Health Secretary says during a multi-state reproductive access tour 

Biden will protect reproductive access, Health Secretary says during a multi-state reproductive access tour 

U.S. Health and Human Services Secretary Xavier Becerra said at a Planned Parenthood space for LGBTQ youth in Albuquerque that if President Joe Biden…
Harris could excite Democratic voters on reproductive health

Harris could excite Democratic voters on reproductive health

Data indicates Vice President Kamala Harris could excite the Democratic base around the issue of abortion in a way that President Joe Biden struggled…
Reproductive rights groups endorse Vice President Kamala Harris for president

Reproductive rights groups endorse Vice President Kamala Harris for president

Vice President Kamala Harris, who announced on Sunday her intention to replace President Joe Biden as the presidential Democratic nominee, received immediate support from…
Talking to NM Democratic delegates after Biden leaves race, endorses Harris

Talking to NM Democratic delegates after Biden leaves race, endorses Harris

President Joe Biden ended his re-election campaign on Sunday leaving questions about what happens to the ballot now. Rules were already in place for…
MLG public safety town hall draws crowd

MLG public safety town hall draws crowd

Gov. Michelle Lujan Grisham held the first of three planned public safety town hall meetings in Las Cruces on Thursday to promote her special…
Harris could excite Democratic voters on reproductive health

Harris could excite Democratic voters on reproductive health

Data indicates Vice President Kamala Harris could excite the Democratic base around the issue of abortion in a way that President Joe Biden struggled…
Reproductive rights groups endorse Vice President Kamala Harris for president

Reproductive rights groups endorse Vice President Kamala Harris for president

Vice President Kamala Harris, who announced on Sunday her intention to replace President Joe Biden as the presidential Democratic nominee, received immediate support from…

GET INVOLVED

© 2023 New Mexico Political Report