Antitrust regulators are reportedly not convinced by artificial intelligence (AI) firms’ suggested hands-off policy. Speaking at an antitrust conference in Washington last week, Federal Trade Commission (FTC) Chair Lina Khan said technology companies have attempted to “dazzle” policymakers with the promise of AI, but to no avail, Bloomberg News reported Friday (April 12). “There’s no exemption from the laws prohibiting collusion, laws prohibiting price fixing, laws prohibiting monopolization, the laws prohibiting fraud,” she said. “The FTC is going to take action.”

Big Tech firms are racing to develop custom chips that supercharge the efficiency and cut costs of artificial intelligence (AI). Meta has launched its latest generation of custom computer chips to enhance its AI capabilities and minimize dependency on external suppliers like Nvidia. This announcement follows Intel’s reveal of an improved AI “accelerator” and comes as competitors such as Google also move toward in-house AI chip development. Experts said AI chips could boost commercial applications. “From the business point of view, it lowers the bar for training per-customer, per-task models and moves away from just consuming APIs from providers of large language models for specialized and high-security use cases,” Amrit Jassal, the co-founder and chief technology officer of Egnyte, which makes AI-powered software for businesses, told PYMNTS