News list for " trade commission"
US FTC (FTC) announced that Cognosphere, a subsidiary of Mihayou and the overseas publisher of "Original God", has agreed to pay $20 million to reach a settlement. In addition to the $20 million fine, Cognosphere's "Cognosphere Pte. Ltd" and "Cognosphere LLC" have also received a number of injunctions, according to a summary of the case released by the US FTC, including: Prohibition of offering only virtual currency purchases when selling unboxing gameplay, and must disclose the probability of w...
The US FTC (FTC) has released a study on partnerships between big tech companies and the artificial intelligence (AI) industry. The FTC examined the partnerships between big tech companies and AI companies, and the report said the Microsoft-OpenAI partnership raised antitrust concerns. The FTC has already questioned major tech AI investments in 2024.
The US FTC (FTC) has released a study of partnerships between big tech companies and the artificial intelligence (AI) industry. The FTC examined partnerships between big tech companies and AI companies, and the report said the Microsoft-OpenAI partnership heightened antitrust concerns. The FTC has already questioned major tech AI investments in 2024.
According to The Information, Google has asked the US FTC to terminate Microsoft's exclusive Cloud as a Service agreement with OpenAI.
According to The Verge, Microsoft (MSFT. O) has accused the US FTC of leaking news of its antitrust investigation. Previously, according to The Information, Microsoft's artificial intelligence software sales and OpenAI transactions have become the target of the US FTC (FTC) investigation.
The US FTC has opened an antitrust investigation into Microsoft (MSFT. O) that ranges from the company's cloud computing and software licensing businesses to cyber security products and artificial intelligence products, sources said. After more than a year of informal interviews with Microsoft's rivals and business partners, law enforcement officials have drawn up a hundreds of pages-long request for...
According to the Financial Times, the US FTC (FTC) will launch an investigation into anti-competitive practices in Microsoft's cloud computing business, focusing on allegations that Microsoft is abusing its market power in the productivity software market. The specific means being investigated include raising subscription fees for customers who leave, charging high exit fees, and making Office 365 products incompatible with rival cloud platforms. The move demonstrates the FTC's ongoing efforts t...
The US FTC said on September 25 that it would launch "Operation AI Comply" as part of a new round of "enforcement actions" to crack down on five companies that "rely on artificial intelligence for deceptive or unfair practices that harm consumers". "It is against the law to use artificial intelligence tools to deceive, mislead or defraud others," Lina Khan, chair of the US FTC, said in a statement, adding that enforcement actions made clear that "artificial intelligence is not exempt from the la...
On September 20th, on the morning of September 19th local time, Chinese Minister of Commerce Wang Wentao met with European Commission Executive Vice President and Trade Commissioner Dombrovskis at the European Union headquarters to conduct comprehensive, in-depth and constructive consultations on the European Union's anti-subsidy case against China's electric vehicles. The two sides clearly expressed their political will to resolve differences through consultation, agreed to continue to promote ...
The US FTC has announced that GME CEO Cohen will be fined for antitrust violations, citing his stake in Wells Fargo.
The US FTC (FTC) has released data showing a sharp increase in the financial losses suffered by consumers from Bitcoin ATM scams. Since 2020, the amount of this loss has increased nearly tenfold. The FTC's newly released data spotlight states that in the first six months of 2024 alone, Bitcoin ATM scams caused more than $65 million in fraud losses. Notably, the elderly over 60 are three times more likely to be harmed by these scams than young adults...
On July 20th, according to foreign media reports, the US FTC is investigating whether executives of several major oil companies, including Hess, Occidental Petroleum, and Diamondback Energy, had improper communication with OPEC officials. According to people familiar with the matter, Federal Trade Commission investigators are looking for evidence that executives tried to collude with OPEC officials about oil market dynamics. Such communication, especially regarding pricing and production, could ...
Market news: The US FTC is investigating Microsoft's investment in OpenAI.
The US FTC (FTC) has warned consumers about a surge in social media investment scams, especially for cryptocurrency investments. These scams involve fraudulent messages that claim to guarantee high returns and have little to no risk. The FTC advises against disregarding such messages and reminds consumers that all investments carry inherent risks. The US FTC (FTC) issued a consumer alert on Friday. The alert was written by Andrew Rayo, a consumer education specialist at the Federal Trade Commiss...
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