The Federal Trade Commission said in a staff report issued Friday that there are potential competitive issues in partnerships between big tech companies
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 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.
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.
Publishing.com's claims about passive income from AI-generated Amazon books have drawn complaints about undisclosed fees and aggressive sales tactics.
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.
It also plugs the retailers into Amazon’s existing advertising customers, as brands already using Amazon’s ad system can choose to place their ads on third-party sites. The se
The Democratic enforcer significantly expanded the agency’s remit; now the new GOP administration will decide how to follow through.
In a complaint filed Wednesday, the FTC alleged that since 2018, GoDaddy has failed to implement reasonable and appropriate security measures to protect and monitor its website-hosting environments for security threats and misled customers about the extent of its data security protections on its website hosting services.
Federal Trade Commission Chair Lina Khan said she hopes the Trump administration won't give Amazon and Facebook parent Meta a "sweetheart deal" in pending antitrust cases by her agency. Khan was ...
Tech titans including the leaders of Meta, Amazon, Google, Tesla, TikTok, Apple, Alphabet, and OpenAI are set to attend the formal start of Trump's second term.