Big Tech’s ‘Interconnected Web’ of AI Investments Concerns UK’s CMA
- Apple, Google and Microsoft AI deals seen as problematic
- CMA says stakes in startups could reduce competition
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Britain’s antitrust watchdog warned that investments in artificial intelligence by the likes of Alphabet Inc.’s Google, Apple Inc., and Microsoft Corp. warrant deeper scrutiny over concerns they are being leveraged to further entrench their market power.
The Competition and Markets Authority said Thursday it’s uncovered an “interconnected web” of partnerships and investments within AI involving a handful of the same tech firms, that may allow them “to shape these markets in their own interests.” Meta Platforms Inc., Amazon.com Inc. and Nvidia Corp. were also named.