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Big tech is consolidating the AI industry — despite being under the antitrust microscope
Tech behemoths are on an AI spending spree, doling out billions to invest in, poach from, and gobble up smaller companies developing the world’s artificial intelligence technology. But as they snap up ... Read More
Lawmakers Urge FTC to Enforce FDR-Era Law Over Grocery Price Bias
The US Federal Trade Commission should enforce a rarely used antitrust law after finding that large retailers such as Amazon.com Inc. and Walmart Inc. increased profits during the Covid-19 pandemic ... Read More
The DOJ Sues Apple for Alleged Antitrust Violations
The Department of Justice (DOJ), along with the attorneys general of 15 states and Washington, D.C., filed a landmark antitrust lawsuit against Apple on Thursday, alleging the company has attempted to ... Read More
Apple accused of monopolizing smartphone market in landmark US lawsuit
Apple has been accused of engineering an illegal monopoly in smartphones that boxes out competitors, stifles innovation, and keeps prices ... Read More
Super Micro Computer and Seagate Shares Surge on Analyst Optimism in Pre-Market Trading, and Latest News
An analyst has joined the optimistic group regarding the shares of Super Micro Computer, with an increase of about 856% over the last 12 months. Rated Overweight, JPMorgan analyst Samik Chatterjee ... Read More
Justice Department sues Apple, saying it kept an illegal monopoly over smartphones in US
The Justice Department has announced a sweeping antitrust lawsuit against Apple, accusing the tech giant of engineering an illegal monopoly in smartphones that boxes out competitors and stifles ... Read More
Microsoft pays Inflection $650 million in licensing deal while poaching top talents, source says
Microsoft has agreed to pay AI startup Inflection about $650 million in cash in an unusual deal that would allow Microsoft to use Inflection's models and hire most of the startup's staff including its ... Read More
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