Apparently tech companies like regulators when it's beneficial to their own interests.
The major tech companies have had a fraught relationship with federal regulators in recent years, with politicians from both parties finding different reasons to try and loosen their power and influence. Google is currently fighting against a recent court ruling that found it has an illegal monopoly on search and must divest its Chrome browser. The search giant has been defending itself aggressively in the case, arguing it has plenty of competition in the industry from the likes of OpenAI.
Microsoft has invested more than $13 billion into OpenAI and in return has gained access to the company’s cutting-edge models as well as served as its exclusive cloud provider through Azure. These types of deals have been referred to as “round-tripping,” as Microsoft is giving OpenAI money that will ultimately go back into its own coffers.
In recent years, however, tech companies have been able to argue against breakups by pointing to the fact that many of their services are offered for free or at the greatest convenience to consumers and therefore consumer welfare hasn’t been harmed. The administration under Biden has taken a much different stance on the issue.
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