Technology giant Microsoft Corporation (NASDAQ:MSFT) made headlines in early 2023 with a $10-billion investment in OpenAI, the parent company of ChatGPT.
A year later, Microsoft's partnership with OpenAI is drawing the attention of the U.S. Department of Justice and the Federal Trade Commission, which could result in future investigations.
What Happened: According to a report from Politico, the Justice Department and FTC are discussing which agency is able to probe OpenAI over its partnership with Microsoft. The complaint comes over antitrust concerns surrounding the partnership.
Politico said the FTC entered talks with the Justice Department months ago to seek out which agency would be best served to review the partnership. Both agencies want to go after the partnership and don't want to give up jurisdiction, which has led to a delay in a potential review, the report said.
Microsoft and OpenAI did not report the deal for review to the antitrust regulators, according to the report. Microsoft stated it ...