AI, Antitrust and Monopsony

DOJ joins the FTC in bringing competition law to bear on generative AI

Two years ago, the antitrust division of the U.S. Justice Department successfully sued to block Penguin Random House’s proposed acquisition of Simon & Schuster, which would have reduced publishing’s Big Five houses to four. While PRH offered all the usual arguments about greater scale and efficiencies benefitting consumers through lower retail prices fo…