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Stockreport

Microsoft and Amazon face scrutiny from U.K. competition watchdog over recent AI deals [Globe and Mail, The (Toronto, Canada)]

Alphabet Inc. - Class C Capital Stock (GOOG)  More Company Research Source: Globe and Mail, The
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
“We will assess, objectively and impartially, whether each of these three deals fall within U.K. merger rules and, if they do, whether they have any impact on competition in the U.K.,” the watchdog's executive director of mergers, Joel Bamford, said in a statement. Microsoft said it will provide the watchdog with the information it needs to carry out its inquiries. “We remain confident that common business practices such as the hiring of talent or making afractionalinvestment in an AIstart-uppromotecompetition and arenot the same asa merger, the company said. Microsoft last month hired Mustafa Suleyman, who co-founded Google's DeepMind AI research lab, to head up its consumer artificial intelligence business, along with the chief scientist and several top engineers and researchers from Inflection, his AI startup. Microsoft also teamed up earlier this year with Mistral, which has become France's AI darling after being founded only last year. That followed Microsoft's previous [Read more]
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Stockreport

Microsoft and Amazon face scrutiny from U.K. competition watchdog over recent AI deals [Globe and Mail, The (Toronto, Canada)]

Alphabet Inc. - Class C Capital Stock  (GOOG) 
More Company Research Source: Globe and Mail, The
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
“We will assess, objectively and impartially, whether each of these three deals fall within U.K. merger rules and, if they do, whether they have any impact on competition in the U.K.,” the watchdog's executive director of mergers, Joel Bamford, said in a statement. Microsoft said it will provide the watchdog with the information it needs to carry out its inquiries. “We remain confident that common business practices such as the hiring of talent or making afractionalinvestment in an AIstart-uppromotecompetition and arenot the same asa merger, the company said. Microsoft last month hired Mustafa Suleyman, who co-founded Google's DeepMind AI research lab, to head up its consumer artificial intelligence business, along with the chief scientist and several top engineers and researchers from Inflection, his AI startup. Microsoft also teamed up earlier this year with Mistral, which has become France's AI darling after being founded only last year. That followed Microsoft's previous [Read more]
IMPACT SNAPSHOT
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GOOG
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%
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EVENT DAY
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PERFORMANCE SINCE EVENT
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