The Justice Department and the Federal Trade Commission agreed to divide responsibility for investigating three major players in the artificial intelligence industry.
Federal regulators have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that Microsoft, OpenAI and Nvidia play in the artificial intelligence industry, in the strongest sign of how regulatory scrutiny into the powerful technology has escalated.
The Justice Department and the Federal Trade Commission struck the deal over the past week, and it is expected to be completed in the coming days, according to two people with knowledge of the matter, who were not authorized to speak publicly about the confidential discussions.
But that began to change as generative A.I., which can produce humanlike text, photos, videos and audio, burst onto the scene in late 2022 and created an industry frenzy.
In Washington last month, a group of senators released legislative recommendations for A.I., calling for $32 billion in annual spending to propel American leadership of the technology but holding off on asking for specific new regulations.
Nvidia’s stock price has soared more than 200 percent over the past year, and the company’s market capitalization exceeded $3 trillion for the first time on Wednesday, surpassing Apple.
The chatbot’s ability to respond to questions, generate images and build computer code captivated people and quickly made the start-up one of the most prominent companies in the tech industry.
The original article contains 949 words, the summary contains 213 words. Saved 78%. I’m a bot and I’m open source!
This is the best summary I could come up with:
Federal regulators have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that Microsoft, OpenAI and Nvidia play in the artificial intelligence industry, in the strongest sign of how regulatory scrutiny into the powerful technology has escalated.
The Justice Department and the Federal Trade Commission struck the deal over the past week, and it is expected to be completed in the coming days, according to two people with knowledge of the matter, who were not authorized to speak publicly about the confidential discussions.
But that began to change as generative A.I., which can produce humanlike text, photos, videos and audio, burst onto the scene in late 2022 and created an industry frenzy.
In Washington last month, a group of senators released legislative recommendations for A.I., calling for $32 billion in annual spending to propel American leadership of the technology but holding off on asking for specific new regulations.
Nvidia’s stock price has soared more than 200 percent over the past year, and the company’s market capitalization exceeded $3 trillion for the first time on Wednesday, surpassing Apple.
The chatbot’s ability to respond to questions, generate images and build computer code captivated people and quickly made the start-up one of the most prominent companies in the tech industry.
The original article contains 949 words, the summary contains 213 words. Saved 78%. I’m a bot and I’m open source!