Microsoft’s $13 Billion OpenAI Deal to Avoid Formal EU Probe

==========

Microsoft's $13 billion investment into OpenAI Inc. is set to avoid a formal investigation by European Union merger watchdogs. The European Commission has decided that the tie-up doesn't merit a formal probe because it falls short of a takeover and that Microsoft doesn't control the direction of OpenAI. The EU's antitrust arm said in January it was reviewing whether Microsoft's involvement with OpenAI should be vetted after a mutiny at the ChatGPT creator exposed deep ties between the two firms. Microsoft's $13 billion OpenAI investments piqued the interest of regulators, including the UK's Competition and Markets Authority and the US Federal Trade Commission. The EU said it would look at Microsoft's investments as part of a broader examination into anticompetitive risks brought by Big Tech involvement in next-generation AI technologies.

#Microsoft #Openai #EuMergerInvestigation #AiTechnologies

https://finance.yahoo.com/news/microsoft-13-billion-openai-deal-160149352.html