Regulators in the U.S. and abroad are increasingly zeroing in on tech companies’ investments and partnerships with AI companies.
The FTC is seeking more information on Amazon's recently announced partnership with AI startup Adept, CNBC has confirmed.Regulators in the U.S. and abroad are increasingly zeroing in on tech companies' investments and partnerships with AI companies.agreement announced last month
, which involved Amazon hiring key executives and licensing technology from Adept, a source familiar with the matter told CNBC. The person spoke on the condition of anonymity because they weren't authorized to speak publicly on the matter. Representatives from the FTC and Adept didn't immediately respond to a request for comment on the probe, which was first reported byThe move comes as regulators in the U.S. and abroad are increasingly scrutinizing tech companies' investments and partnerships with AI startups. The FTC in Januarywhere it warned partnerships like the one between Microsoft and Inflection AI, along with Amazon and AI startup Anthropic may allow them to"shape these markets in their own interests.
In a blog post last month, Adept said developing its own AI models would've required more capital, and said the Amazon deal will allow it to focus on building AI agents. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly2024 RNC Milwaukee
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Amazon's deal with AI startup Adept faces FTC scrutinyRegulators in the U.S. and abroad are increasingly zeroing in on tech companies' investments and partnerships with AI companies.
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Amazon beefs up AI development, hiring execs from startup Adept and licensing its technologyAs part of the deal, Amazon will license technology from Adept including some of its AI models and datasets.
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Amazon beefs up AI development, hiring execs from startup Adept and licensing its technologyAs part of the deal, Amazon will license technology from Adept including some of its AI models and datasets.
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Amazon nabs SF startup Adept's cofounders to bolster AI effortsAmazon nabs SF startup Adept's cofounders to bolster AI efforts
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How Amazon’s hiring of Adept AI startup avoids antitrust scrutinyAmazon has replicated an antitrust-avoidance playbook pioneered by Microsoft with its hiring of most of the team behind buzzy AI startup Adept.
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FTC Hits Amazon With 'One of the Most Important Antitrust Cases in US History'Jessica Corbett is a senior editor and staff writer for Common Dreams.
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