FTC Asks Amazon For Details On Plan To Hire From Adept Amid Growing Concerns About AI Deals; Inquiry Centers On Recent Announcement Of Adept CEO David Luan Joining Amazon And Licensing Of Startup's Technology
Portfolio Pulse from Benzinga Newsdesk
The FTC has requested details from Amazon regarding its plan to hire from Adept, focusing on the recent announcement of Adept CEO David Luan joining Amazon and the licensing of Adept's technology. This inquiry is part of a broader review of Big Tech partnerships with AI startups and does not necessarily indicate an official investigation or enforcement action.
July 16, 2024 | 12:35 pm
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The FTC's request for details from Amazon regarding its hiring of Adept's CEO and licensing of Adept's technology reflects broader concerns about Big Tech's AI partnerships. This could lead to increased regulatory scrutiny for Amazon.
The FTC's inquiry into Amazon's hiring of Adept's CEO and licensing of its technology suggests potential regulatory scrutiny. While it does not indicate an official investigation, the news could negatively impact Amazon's stock in the short term due to concerns about increased oversight.
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