09:42 AM EDT, 06/06/2024 (MT Newswires) -- (Adds Nvidia, Federal Trade Commission declining comment in the fourth paragraph.)

Microsoft ( MSFT ) , OpenAI and Nvidia ( NVDA ) will be subject to antitrust investigations over their dominant roles in the artificial intelligence industry, The New York Times reported Wednesday, citing unnamed sources.

The Federal Trade Commission and the Justice Department struck a deal over the past week to proceed with the investigations, the report said.

The Justice Department will lead the investigation on Nvidia ( NVDA ), while the FTC will look into OpenAI and Microsoft ( MSFT ), according to the report.

Reached by MT Newswires, Nvidia ( NVDA ) said Thursday it had no comment on the report. The FTC also declined to comment when contacted while Microsoft ( MSFT ), OpenAI and the Justice Department did not immediately respond to separate requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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