EU Official Suggests AI Antitrust Investigations Loom on the Horizon
Since May 2023, the Digital Markets Act has imposed a tough list of do's and don'ts on Alphabet, Amazon, Apple, Booking, ByteDance, Meta and Microsoft.
October 02, 2024 at 03:16 PM
3 minute read
AntitrustThe original version of this story was published on Law.com International
A European Commission official suggested this week that recently enacted laws designed to rein in market power could soon include investigations into Big Tech services that integrate artificial intelligence and cloud technologies.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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