MSFT Sep 2024 365.000 put
- Yahoo Finance Video
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.
- Associated Press Finance
US antitrust enforcers will investigate leading AI companies Microsoft, Nvidia and OpenAI
U.S. antitrust enforcers have decided to investigate the roles Microsoft, Nvidia and OpenAI have played in the artificial intelligence boom, according to people familiar with the pending actions. The Department of Justice will launch an investigation of chipmaker Nvidia, while the Federal Trade Commission will scrutinize close business partners Microsoft and ChatGPT-maker OpenAI, according to two people who were not authorized to publicly discuss details of the investigations and spoke to The Associated Press on condition of anonymity.
- Investor's Business Daily
Magnificent Seven Stocks: Nvidia Stock Slides After Record Highs; Amazon Retakes Key Level
Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the middle part of the second quarter of 2024 showed a big divergence of returns.
