FTC Hones in on Big Tech’s Quasi-Mergers with AI Firms
Washington D.C. — In response to news that the Federal Trade Commission has launched a 6(b) study to investigate Big Tech’s partnerships and investment in artificial intelligence, with orders for information sent to Microsoft, Amazon, Google, OpenAI, and Anthropic, the American Economic Liberties Project released the following statement.
“It’s good that the FTC and the European Union are examining the continuing roll-up of power by Big Tech, this time via big quasi-mergers with AI firms,” said Matt Stoller, Director of Research at the American Economic Liberties Project. “Big Tech firms know they can’t buy the top AI companies, so instead they are finding ways of exerting influence without formally calling it an acquisition. Enforcers need to step in, and they are.”
Learn more about Economic Liberties here.
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The American Economic Liberties Project works to ensure America’s system of commerce is structured to advance, rather than undermine, economic liberty, fair commerce, and a secure, inclusive democracy. Economic Liberties believes true economic liberty means entrepreneurs and businesses large and small succeed on the merits of their ideas and hard work; commerce empowers consumers, workers, farmers, and engineers instead of subjecting them to discrimination and abuse from financiers and monopolists; foreign trade arrangements support domestic security and democracy; and wealth is broadly distributed to support equitable political power.