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Merger Probe

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technology-business2 years ago•2 min saved

EU Regulators Consider Probe into Microsoft's OpenAI Investment

EU antitrust regulators are considering subjecting Microsoft's financial backing for OpenAI to EU merger rules, following a similar warning from the UK. The European Commission is checking whether Microsoft's investment in OpenAI might be reviewable under the EU Merger Regulation and has invited feedback on competition in virtual worlds and generative artificial intelligence. Microsoft's partnership with OpenAI has led to more AI innovation and competition, with the only recent change being Microsoft having a non-voting observer on OpenAI's Board.

via Reuters|

#ai #eu #merger-probe

technology2 years ago•3 min saved

EU to Investigate Microsoft's OpenAI Investment

The European Commission is launching a competition investigation into Microsoft's multibillion-dollar investment in OpenAI, focusing on the markets for virtual worlds and generative artificial intelligence. The EU is examining whether the investment might be reviewable under the EU Merger Regulation and has sent requests for information to several large digital players. Concerns have been raised about Microsoft's close partnership and investment in OpenAI, with regulators in the UK and US also assessing the tie-up.

via CNBC|

#artificial-intelligence #european-union #merger-probe

technology2 years ago•3 min saved

"UK Antitrust Regulator Investigates Microsoft's OpenAI Partnership"

The UK's antitrust regulator, the Competition and Markets Authority (CMA), has announced that it will review whether to launch a merger probe into Microsoft's partnership with OpenAI. This comes after the CMA previously looked into competition issues surrounding Microsoft's operations earlier this year. The review will assess whether the partnership has resulted in an "acquisition of control". The CMA will consider recent developments in the governance of OpenAI, including Microsoft's non-voting position on the board. Microsoft has committed to investing over $10 billion into OpenAI and owns 49% of the for-profit operating company. The CMA has invited interested parties to comment on the matter by January 3, 2024.

via Yahoo Finance|

#antitrust-regulator #competition #merger-probe