FTC investigating Microsoft deal with Inflection AI- WSJ
Investing.com-- The Federal Trade Commission is investigating whether Microsoft structured a recent deal with artificial intelligence startup Inflection to avoid antitrust scrutiny from the government, The Wall Street Journal reported on Wednesday.) had in March hired Inflection co-founders Mustafa Suleyman and Karén Simonyan, along with a bulk of the startup’s employees to lead in-house AI development in the tech giant, including the development of products such as Copilot.
Inflection emerged as one of the hottest names in the rapidly growing AI space over the past year, raising over $1.3 billion in a funding round led by Microsoft and NVIDIA Corporation (NASDAQ:After the Microsoft deal, Inflection, under a new CEO, said it will pursue developing AI models for enterprise applications.
The company was already facing scrutiny from the FTC over its other activities in AI, specifically its relationship with OpenAI.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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