The FTC also alleges that Amazon is charging its sellers exorbitant fees, in many cases close to 50 percent of their revenue: “These fees harm not only sellers but also shoppers, who pay increased prices for thousands of products sold on or off Amazon,” the FTC argued in its filing.

Filing details $400 million license for smart robot system and claims retail giant’s “reverse acquihire” contract limits competition and merits antitrust scrutiny.

The U.S. Federal Trade Commission (FTC) on Friday found that the partnerships between Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN) and Alphabet's (NASDAQ:GOOGL)(NASDAQ:GOOGL) Google with OpenAI and Anthropic allows for the potential of the artificial intelligence (AI) developers being "fully acquired" by the tech giants.

The Federal Trade Commission said in a staff report issued Friday that there are potential competitive issues in partnerships between big tech companies

Seattle-based Amazon.com Inc. said the FTC is “wrong on the facts and the law” and had departed from its role of protecting consumers and competition. “If the FTC gets its way, the result ...

Lina Khan, who was tapped by President Joe Biden to lead the FTC, is set to be replaced by President-elect Donald Trump’s pick Andrew Ferguson.

The FTC warns that multi-billion-dollar partnerships between Big Tech and AI startups could lead to the monopolization of the AI and cloud computing sectors.

A new FTC report scrutinises the structural aspects of deals inked between AI developers and cloud service providers.

The FTC report revealed that at least one of the big tech companies accessed "confidential and potentially sensitive financial performance information" as part of its deal with an AI start-up. This included weekly updates on revenue trends and customer activities.

FTC Chair Lina Khan stated in a statement, 'The FTC report highlights how partnerships among large technology corporations can create a lock-in effect, causing startups to lose access to essential AI resources and exposing sensitive information, which undermines fair competition.'

Microsoft's investment in OpenAI raises concerns that tech giant could extend its dominance in cloud computing into the nascent artificial intelligence market

Microsoft Corp.’s US$13 billion investment in OpenAI raises concerns that the tech giant could extend its dominance in cloud computing into the nascent artificial intelligence (AI) market, the United States Federal Trade Commission (FTC) said in a report released Friday.