From Nasdaq:

Microsoft made a $10-billion investment in OpenAI, catching the attention of the U.S. Department of Justice and the Federal Trade Commission. Both agencies seek to investigate the partnership over antitrust concerns. Microsoft stated it does not control OpenAI, but the hiring of OpenAI CEO Sam Altman by Microsoft has raised further concerns of an unfair advantage in the AI market.

There have been discussions between the DOJ and FTC about probing OpenAI’s partnership with Microsoft for antitrust concerns. Both agencies want to review the partnership, causing a delay. Microsoft and OpenAI did not report the deal for review to antitrust regulators, per a report from Politico.

The ability to investigate antitrust concerns of OpenAI varies between the DOJ and FTC, sparking tension. They have looked to target the AI sector as both have had eyes on OpenAI. In addition, the EU and UK have also raised concerns about Microsoft’s investment in OpenAI. Despite this scrutiny, Microsoft’s stock is trading at all-time highs.

Microsoft’s shares are trading at all-time highs in Friday’s session at $397.49 at last check, up 68% over the last year. Despite the scrutiny, Microsoft’s investment in OpenAI has seen its stock hit all-time highs.



Read more: Microsoft Could Face Justice Department, FTC Probes Over Investment In ChatGPT Parent OpenAI