Amazon Faces FTC Inquiry Over AI Talent Acquisition From Adept

Quick Summary:

The informal inquiry, which has not previously been reported, focuses on Amazon’s announcement that Adept CEO David Luan and others will join Amazon, which will also license some of Adept’s technology, according to Reuters reports.

The FTC’s request for more details reflects concerns about how AI-related deals are structured and follows a broader review of partnerships between major tech companies and AI startups.

Amazon is working to catch up with rivals Alphabet Inc (NASDAQ:GOOGL) and Microsoft Corp (NASDAQ:MSFT) in developing advanced language ...

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Author / Journalist: Shivani Kumaresan

Category: Technology

Markets: United States

Topics: General News US0231351067 Media AI Generated Tech NVDA Benzinga Top Stories US38259P5089 Stories That Matter US81369Y4070 XLY Briefs US5949181045 US92204A1088 GOOGL VCR US67066G1040 AMZN MSFT

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-16 @ 14:58:22 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 412 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21654249

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