Microsoft faces antitrust class action lawsuit, accused of raising ChatGPT prices
Jinse Finance reported that Microsoft (MSFT.O) is facing a new consumer lawsuit. The plaintiffs accuse the tech giant of illegally inflating the price of generative artificial intelligence through a secret agreement with ChatGPT developer OpenAI. This class action lawsuit has been filed in federal court in San Francisco, alleging that Microsoft used its exclusive cloud computing agreement with OpenAI to restrict the supply of computing resources needed to run ChatGPT. So far, Microsoft has invested more than $13 billion in OpenAI. The complaint states that the agreement reached by Microsoft during OpenAI's early development stage violated U.S. federal antitrust laws, suppressed market competition, artificially raised ChatGPT subscription prices, and harmed the product quality for millions of users of the AI platform.
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