By Naveen Athrappully Elon Musk’s artificial intelligence (AI) startup xAI and its subsidiary X Corp. filed suit against Apple and ChatGPT maker OpenAI on Aug. 25, alleging monopolistic practices and illegal conspiracy to control the AI in smartphone devices. The lawsuit, filed in federal court in Texas, features 10 claims altogether. “Defendants Apple and OpenAI […]
Tag: Monopoly
A monopoly exists when a specific person or enterprise is the only supplier of a particular commodity. This contrasts with a monopsony which relates to a single entity’s control of a market to purchase a good or service, and with oligopoly which consists of a few sellers dominating a market.
