Microsoft Corp.’s $13 billion investment in OpenAI raises concerns that the tech giant could extend its dominance in cloud computing into the nascent artificial intelligence market, the Federal Trade Commission said in a report released Friday.

Snap shares closed down 5% on Thursday after the Federal Trade Commission said it would refer a complaint against the company to the Department of Justice. TakeAway Points: The company’s stock fell 5% after the Federal Trade Commission announced that it would forward a complaint against Snap to the Department of Justice.

The Federal Trade Commission has referred a complaint against Snap Inc. (NYSE:SNAP) to the Department of Justice, according to a public statement made by the U.S. government agency Thursday. The complaint against the Snapchat parent is connected to the deployment of "My AI" chatbot on the company's platform,

Snap shares are trading lower on Friday despite the United States Supreme Court upholding the TikTok ban-or-sale law.

The U.S. Federal Trade Commission (FTC) announced it has referred a complaint against Snap Inc. (NYSE: SNAP) to the Department of Justice (DOJ). The complaint alleges that Snapchats artificial intelligence chatbot,

The FTC referred Snap to the Department of Justice over allegations that the My AI chatbot posed a risk to young people.

The Federal Trade Commission has referred to the Department of Justice a complaint against Snap (SNAP), Inc. The complaint pertains to the

Microsoft Corp.’s US$13 billion investment in OpenAI raises concerns that the tech giant could extend its dominance in cloud computing into the nascent artificial intelligence (AI) market, the United States Federal Trade Commission (FTC) said in a report released Friday.

Snap stock fell sharply on Thursday, with the uncertainty around the TikTok ban and the Federal Trade Commission (FTC) elevating to the Department of Justice (DOJ) a complaint concerning the Snapchat parent’s its artificial intelligence (AI) chatbot weighing down on sentiment.

U.S. Federal Trade Commission said on Thursday it has referred to the Justice Department a complaint against Snap, Inc., that alleges its messaging app Snapchat used an

The U.S. Federal Trade Commission has referred a complaint against Snap Inc. to the Justice Department. The complaint alleges that Snapchat's AI chatbot may have harmed young users. The FTC believes Snap Inc.