FTC Invests Five Big-Tech Companies In AI Startups

The FTC will investigate investment in AI startups. (photo: FTC)

JAKARTA - The Federal Trade Commission (FTC) has issued a warrant to five tech giants to provide investment-related information and partnerships involving a generative AI company and a major cloud service provider.

The FTC will research corporate partnerships and investments with AI providers, to build a better internal understanding of its relationship and impact on the competition landscape.

History shows that new technology can create new markets and healthy competition. As companies compete to develop and monetize AI, we must be aware of the tactics that seize this opportunity," said FTC Chairman Lina M. Khan in her official statement.

Because according to an FTC study, investment and partnerships carried out by dominant companies will see if it will pose a risk of distorting innovation and undermining fair competition.

The FTC issued an order under Section 6 (b) of the FTC Law, which authorized the Commission to conduct a study that allows law enforcement to gain a deeper understanding of market trends and business practices, "he continued.

So specifically, the FTC looks for information related to:

The five tech companies have up to 45 days from the date they receive orders to respond.