OpenAI, Microsoft, and Nvidia undergo antitrust investigations by the U.S. DOJ and FTC. With the future of AI Coins under scrutiny, an impact on prices is anticipated.
The Department of Justice (DOJ) and the Federal Trade Commission (FTC) are preparing to intensify their scrutiny of artificial intelligence (AI) in the United States. AI coins are expected to bear the burden of this scrutiny. A source familiar with the matter has stated that the DOJ and FTC have obtained an accord that opens the door for antitrust investigations into the roles that the AI giants OpenAI, Nvidia, and Microsoft play in the industry, as per recent reports surfacing across the industry.
Following this, Investors are speculating about the potential impact on AI coins as the AI prominencies, particularly Nvidia, prepare to bear the brunt of regulators’ tightened restrictions. NVDA is a stock frequently monitored for its correlation with AI coins, consistent with the worldwide interest in artificial intelligence.
OpenAI, Nvidia, and Microsoft: What Is The Story?
The recent agreement between the U.S. DOJ and FTC has prompted substantial apprehension regarding the concentration of power within the AI industry. According to the agreement, the U.S. DOJ will investigate whether Nvidia has violated antitrust laws. At the same time, the FTC will concentrate on the actions of OpenAI and Microsoft, notably in the deal with Inflection AI.
Microsoft and Nvidia have recently been the dominant companies in the industry, and they also have some of the largest market capitalizations. Nvidia garnered attention by surpassing Apple with a $3 trillion market capitalization, solidifying its position as the second-most valuable company.
During this time, Microsoft and OpenAI rose in tandem, paving the way for the advancement of artificial intelligence. In the face of this accelerated expansion, regulatory bodies have elected to implement antitrust investigations.
The United States antitrust enforcers have expressed various concerns regarding AI, including the potential benefits of firms accessing data for AI training and the impact of generative AI on the market for creative work. The future of the AI industry and AI coins is still uncertain, but an official statement is anticipated in the coming days. This uncertainty has left investors and industry professionals anxious for additional information.
What becomes of AI coins in the face of pressure?
The AI coin prices have been significantly influenced by the recent developments in the semiconductor and AI industries. The recent increase in global interest in AI has significantly increased the value of AI-related firms and AI currencies. This fact is difficult to ignore.
In contrast, as previously mentioned, a potential setback could be an adverse obstacle for AI coins. As Nvidia, OpenAI, and Microsoft prepare to face regulatory scrutiny, these tokens continue to be closely monitored by crypto market participants.
