Big Tech’s dominance in AI sparks regulatory scrutiny as startups lean on giants for lifelines

In a dynamic year for AI startups, Big Tech's influence remains unyielding, shaping the landscape through hefty investments and partnerships. Microsoft's $10 billion injection into OpenAI sparked a frenzy, with Salesforce, Alphabet, and Amazon following suit. As these AI ventures increasingly lean on tech giants for financing and infrastructure, regulatory scrutiny intensifies. Concerns about potential AI monopolies emerge, prompting investigations by UK and US competition regulators. For AI firms, collaboration with Big Tech is a lifeline, while tech giants secure market dominance and product demand, marking a pivotal chapter in the evolving AI ecosystem.

Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.

Big Tech's Year of Partnering Up With AI Startups

By Isabella Ward and Natalie Lung

A new crop of artificial intelligence startups has shaken up Silicon Valley — and the wider business world — throughout this year, but there's one thing that hasn't changed: Big Tech still wields power.

___STEADY_PAYWALL___