Investigations in America target Microsoft and NVIDIA because of their monopoly on artificial intelligence technology

The two US antitrust authorities have agreed to divide responsibility in the artificial intelligence industry, with the Federal Trade Commission moving forward with an investigation into the relationship between Microsoft and OpenAI, as reported by the German news agency citing a Bloomberg report.

Sources, speaking on condition of anonymity, indicated that the Department of Justice will investigate whether Nvidia violated antitrust laws and will retain oversight of Google, a subsidiary of Alphabet.

The two authorities reached an agreement in the past few days after more than six months of negotiations, according to sources. This agreement grants each authority the power to initiate investigations into anticompetitive behavior by the companies, as well as to review recent deals they have made.

These investigations come after the announcement by a smart chip design company of record revenues and profits in the fourth quarter of 2023, surpassing a $3 trillion market cap at the close of Wednesday’s session, placing it as the second-largest US company listed on Wall Street after Microsoft.