FTC Chair Khan: Stop Monopolies Before They Happen

FTC chair Lina Khan is hunting for evidence that Microsoft, Google and Amazon require cloud computing spend, board seats or exclusivity deals in return for their investments in AI startups. From a report: At a Friday event, Khan framed today's AI landscape as an inflection point for tech that is "enormously important for opening up markets and injecting competition and disrupting existing incumbents." The FTC chair offered Axios' Sara Fischer new details of how she's handling a market inquiry into the relationship between Big Tech companies and AI startups, in an interview at the Digital Content Next Summit in Charleston, S.C. In handling the surge in AI innovation and its impacts on the broader tech and media landscape, Khan said she aims to tackle monopoly "before it becomes fully fledged."She said the FTC is looking for chokepoints in each layer of the AI tech stack: "chips. compute, foundational models, applications." Khan said she's also paying close attention to vertical integration -- when players look to extend dominance over one tech layer into adjacent layers -- or when they attempt acquisitions aimed at solidifying an existing monopoly. That includes any potential integration between Sam Altman's nascent chip project and OpenAI, though she said she welcomes chip competition.

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