MSFT Jun 2024 225.000 put

DOJ, FTC, plan probes into Nvidia, Microsoft, OpenAI: Rpts.

The US Justice Department and the Federal Trade Commission are looking to investigate Nvidia, OpenAI, and Microsoft. According to a report from The New York Times, the DOJ will investigate Nvidia (NVDA) to see if it has violated antitrust laws, while the FTC will probe Microsoft's (MSFT) and OpenAI's actions. It comes as The Wall Street Journal reports the FTC is probing whether Microsoft structured a deal with Inflection AI in a way to intentionally avoid regulator scrutiny.  A Microsoft spokesperson tells Yahoo Finance, "Our agreements with Inflection gave us the opportunity to recruit individuals at Inflection AI and build a team capable of accelerating Microsoft Copilot, while enabling Inflection to continue pursuing its independent business and ambition as an AI studio. We take our legal obligations to report transactions under the HSR Act seriously and are confident that we have complied with those obligations." Yahoo Finance legal reporter Alexis Keenan breaks down what the investigations could mean for the companies. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Stephanie Mikulich.