XLK - Microsoft Under FTC Investigation For Inflection AI Acquisition Strategy: Report | Benzinga
Microsoft Corp. (NASDAQ:MSFT) is reportedly under scrutiny by the Federal Trade Commission (FTC) for a recent deal with Inflection AI.
The tech giant hired almost all of Inflection AI’s employees and agreed to pay the startup approximately $650 million as part of a licensing fee.
The FTC is examining the specifics of Microsoft’s agreement with Inflection AI to assess whether it should have been reported for antitrust review.
The FTC is looking into documents dating back two years, aiming to uncover if Microsoft deliberately designed the deal to bypass regulatory scrutiny, according to a report from the Wall Street Journal.
The FTC’s investigation is part of a broader effort to monitor AI investments by ...