'FTC Opens Antitrust Probe Of Microsoft AI Deal; Commission Has Sent Subpoenas To Tech Giant And Startup, Asking Whether Their Partnership Evaded Required Government Review' - WSJ
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The Federal Trade Commission (FTC) has initiated an antitrust investigation into Microsoft's recent deal with Inflection AI. The probe focuses on whether Microsoft structured the deal to avoid government antitrust review. Microsoft hired Inflection AI's co-founder and most of its employees and agreed to pay $650 million as a licensing fee.
June 06, 2024 | 1:46 pm
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The FTC is investigating Microsoft's $650 million deal with Inflection AI to determine if it was structured to avoid antitrust review. This could lead to regulatory scrutiny and potential legal challenges for Microsoft.
The FTC's antitrust probe into Microsoft's deal with Inflection AI could lead to increased regulatory scrutiny and potential legal challenges. This may negatively impact Microsoft's stock in the short term as investors react to the uncertainty and potential consequences of the investigation.
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