Federal regulators have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that Microsoft, OpenAI and Nvidia play in the artificial intelligence industry, in the strongest sign of how regulatory scrutiny into the powerful technology has escalated.
Tag: FTC
New Federal Rule Would Bar ‘Noncompete’ Agreements for Most Employees, Chamber of Commerce to Sue
U.S. companies would no longer be able to bar employees from taking jobs with competitors under a rule approved by a federal agency Tuesday, though the rule is sure to be challenged in court.
MGM Resorts Sues FTC to Stop Investigation of Casino Hack
MGM Resorts International sued the Federal Trade Commission to stop an investigation into how it dealt with a cybersecurity attack last year.
FTC Sues to Block Merger of Grocery Giants Kroger and Albertsons
The Federal Trade Commission sued to block a proposed merger between grocery giants Kroger and Albertsons, saying the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans.
Americans Reported Losing a Record $10 Billion to Scams and Fraud in 2023
Consumers reported losing $10 billion to scams and fraud in 2023, up from $9 billion the year before, according to newly released numbers from the Federal Trade Commission (FTC). The rising cost of these crimes is staggering, considering that in 2020 Americans lost only $3.5 billion to fraud, including identity theft.
FTC Poised to Sue Amazon for Antitrust Violations
The Federal Trade Commission is expected to sue Amazon.com Inc. for antitrust violations, according to people familiar with the matter – marking the agency’s fourth swipe at the online retail giant this year.
FTC Opens Investigation into OpenAI Over Misleading Statements
The U.S. Federal Trade Commission has opened an investigation into OpenAI on claims it has run afoul of consumer protection laws by putting personal reputations and data at risk, the strongest regulatory threat to the Microsoft-backed startup yet.
FTC Warns Misuse of AI, Machine Learning Info Could Violate FTC Act
The Federal Trade Commission (FTC) warned that increasing use of consumers’ biometric information and related technologies, like those powered by artificial intelligence/machine learning, significantly elevates consumer privacy and data security concerns and the potential for bias and discrimination, and could be illegal.
FTC Is Preparing Potential Antitrust Case Against Amazon
The US Federal Trade Commission is preparing a possible lawsuit against Amazon.com Inc. that could be filed as soon as this spring.
FTC Targets Non-Compete Clauses that Block Workers From Better Jobs
The FTC proposed a rule on Thursday that would prohibit companies from requiring workers to sign noncompete provisions.