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US FTC has Asked Amazon (AMZN) for Details on Deal to Hire Top Talent From AI Startup Adept - Reuters

July 16, 2024 8:34 AM EDT
(Updated - July 16, 2024 8:35 AM EDT)

US FTC has Asked Amazon (NASDAQ: AMZN) for Details on Deal to Hire Top Talent From AI Startup Adept - Reuters

  • The U.S. Federal Trade Commission has asked Amazon.com to provide more details on its deal to hire top executives and researchers from AI startup Adept.
  • The request reflects the FTC's growing concern about how AI deals have been put together.
  • The informal inquiry into Amazon centers on last month's announcement that Adept CEO David Luan and others were leaving to join Amazon.
  • Such inquiries do not necessarily result in an official investigation or enforcement action.


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