Sen. Warren, others urge FTC, DOJ to scrutinize tech AI ‘acquihire’ deals for antitrust violations

Sens. Elizabeth Warren, Ron Wyden and Richard Blumenthal called on federal agencies to scrutinize AI deals from Nvidia, Meta and Google for potential antitrust violations, in a letter shared with CNBC.

The three Democrats addressed the letter on Wednesday to the Federal Trade Commission and the Department of Justice, urging the agencies to review recent deals in which tech companies have paid to pluck specific employees from startups without acquiring the companies entirely. The senators characterized the deals as “reverse acqui-hiring.”

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