Shares of Nvidia rose more than 5% Wednesday, pushing the company's market cap above Apple for the first time.
Under the deal, the U.S. Department of Justice will take the lead in investigating whether Nvidia violated antitrust laws, while the FTC will examine the conduct of OpenAI and Microsoft, the report said. While OpenAI's parent is a nonprofit, Microsoft has invested $13 billion in a for-profit subsidiary, for what would be a 49% stake.
Investing.com-- The Federal Trade Commission is investigating whether Microsoft structured a recent deal with artificial intelligence startup Inflection to avoid antitrust scrutiny from the government, The Wall Street Journal reported on Wednesday.