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Highlights
- The U.S. DOJ and FTC have cracked down on OpenAI, Microsoft, and Nvidia AI giants.
- The three entities to witness antitrust investigations soon.
- AI coins brace for impact.
AI coins prepare to bore the brunt of heightened scrutiny of AI by the U.S. DOJ (Department of Justice) and FTC (Federal Trade Commission). According to recent reports surfacing across the industry, the DOJ and FTC have secured a pact that clears the waters for antitrust investigations into roles that the AI giants OpenAI, Nvidia, and Microsoft play in the industry, a source familiar with the matter stated.
As the AI prominencies, especially Nvidia, prepare to take the heat due to regulators’ tightened grip, investors speculate over the impact on AI coins, as NVDA is also a commonly watched stock for its correlation to AI coins, in sync with the global interest in artificial intelligence.
OpenAI, Nvidia, & Microsoft Under Microscope: What’s The Scoop?
The recent agreement between the U.S. DOJ and FTC has raised significant concerns about the concentration of power in the AI industry. The agreement assigns the U.S. DOJ to investigate whether Nvidia has violated antitrust laws, while the FTC will focus on the conduct of OpenAI and Microsoft, particularly a deal with Inflection AI.
As seen recently, Microsoft and Nvidia reigned supreme in the industry while also boasting some of the most oversized market caps. Nvidia earlier made headlines, overtaking Apple with a $3 trillion market cap, leaving behind the tech giant that cemented its foothold as the second-most valuable company. Meanwhile, Microsoft and OpenAI rose in tandem, pioneering artificial intelligence development. Amid this rapid growth, the regulatory entities have decided to conduct antitrust investigations.
The United States antitrust enforcers have expressed numerous concerns orbiting AI, from the benefits of firms accessing data for AI training to the impact of generative AI on the market for creative work. With an official statement expected in the coming days, the future of the AI industry and AI coins remains uncertain, leaving investors and industry professionals eager for more information.
Also Read: US Bitcoin ETF Hits New Milestone, What’s Next For BTC Price?
AI Coins To Face Pressure?
The growth in the AI and semiconductor industry has recently emerged as an essential factor driving AI coin prices. With the recent rising interest in AI across the globe, the surge in the value of AI-related firms, and simultaneously AI coins, stands as a fact hard to go unnoticed.
Conversely, a potential setback, like the one mentioned above, could present itself as a bearish hurdle for AI coins. Crypto market participants continue to extensively eye these tokens as Nvidia, OpenAI, and Microsoft prepare to take regulatory heat.
Also Read: Why SEC Is Unlikely To Probe Roaring Kitty As He Exploits Loophole
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