Why is Big Tech Backing of AI Startups Drawing FTC Scrutiny?

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The megacap technology companies of Alphabet (GOOGL), Amaxon.com (AMZN), and Microsoft (MSFT) have invested billions in the top artificial intelligence (AI) startup companies. Now, these deals are coming under scrutiny. The U.S. Federal Trade Commission (FTC) said Thursday that the three tech companies must provide information to the agency on their investments and partnerships with the startups. The FTC said it sent subpoenas to the companies to gather information on how the development of AI is impacting the competitiveness in the sector. Microsoft is the early leader in investing in an AI s…

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