The Federal Trade Commission voted Thursday day along party lines to rescind a 2015 policy statement that should be guided by the “promotion of consumer welfare” in its antitrust investigations. The move allows for broader enforcement authority over Facebook, Apple, Google and Amazon and other large companies. The agency has the ability to investigate potentially anticompetitive conduct that...
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AI Startups Are Facing a Reckoning
A reckoning may be coming for once-hot artificial intelligence startups. Among the most vulnerable: consumer apps (think Character.AI) and “thin wrapper” startups like CopyAI that merely provide a nice user interface on top of a third-party model from model developers like OpenAI. We got a sense of the slowdown last week, when Natasha and I reported that Jasper, an early generative AI...
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