According to a recent FTC report, Big Tech’s growing investments in AI startups, such as Microsoft’s $13 billion funding of OpenAI and Amazon’s and Google’s partnerships with Anthropic, are raising alarms about potential monopolization and competitive risks in the AI and cloud computing sectors. One of the major FTC concerns is the so-called ‘circular spending’ practice, under which startups spend their received money on services their investors offer, notes Bloomberg.
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https://www.tomshardware.com/tech-industry/artificial-intelligence/the-ftc-is-concerned-about-big-tech-ai-startup-partnerships-microsoft-open-ai-raises-alarms
