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Microsoft Corporation (MSFT) Sued by Consumers in Antitrust Class Action over OpenAI Deal

Microsoft Corporation (NASDAQ:MSFT) is among the 14 Best Big Name Stocks to Invest in Right Now. According to a report by Reuters on Monday, the company has been sued by consumers for allegedly illegally inflating prices for generative AI under a secret agreement with OpenAI.

Ken Wolter / Shutterstock.com

The proposed class action has been filed in San Francisco’s federal court. It claims that the technology giant leveraged an exclusive cloud computing deal with the ChatGPT maker to restrict the supply of computational resources required to run the AI chatbot.

The lawsuit said the deal, which Microsoft Corporation (NASDAQ:MSFT) struck in the early days of OpenAI’s development, was in violation of the federal antitrust law, as it restrained competition and resulted in artificially driving up ChatGPT’s subscription prices, while impacting the product quality for millions of users of the platform.

The lawsuit further mentioned that while the alleged restraints on OpenAI have eased, they remain as ‘a sword of Damocles over OpenAI wielded by one of its principal competitors’. It also alleged that Microsoft Corporation (NASDAQ:MSFT) exploited its agreement with OpenAI to capitalize on its success, while simultaneously building its own rival products, such as Copilot.

In a statement, Microsoft Corporation (NASDAQ:MSFT) said that it was reviewing the lawsuit and added that it believes the OpenAI partnership promotes innovation, competition, and responsible AI development.

Microsoft Corporation (NASDAQ:MSFT) is a technology company best known for its operating systems and software products. It has invested over $13 billion in OpenAI to date.

While we acknowledge the risk and potential of MSFT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MSFT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 9 Defense Stocks That Will Skyrocket and 11 Best Military Drone Stocks to Buy According to Hedge Funds

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

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Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

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