EU Clears Microsoft's $13B OpenAI Investment from Formal Probe: A Relief for Tech Giants [Yahoo! Finance]
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Source: Yahoo! Finance
The European Commission concluded that the collaboration does not constitute a takeover, and Microsoft does not exercise control over OpenAI's operations. The decision follows scrutiny sparked by revelations of Microsoft's close relationship with the ChatGPT developer, leading to a review under the EU's merger regulation, Bloomberg cites familiar sources. Also Read: After The EU, Microsoft Faces Cloud Computing Antitrust Scrutiny in South Africa However, the EU typically only approves most deals with unresolved competition issues. Microsoft referenced a previous statement emphasizing that the partnership with OpenAI promotes innovation and competition while maintaining both companies' independence. The Commission's spokesperson highlighted that to address any competition concern, a permanent change of control between the companies needs to be established. The U.K.'s Competition and Markets Authority (CMA) is scrutinizing Microsoft's partnership with OpenAI and may investi
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- 4/29/24 - Form 13F-HR
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