EU regulators have decided not to investigate Microsoft's $13 billion investment in OpenAI

From PYMNTS: 2024-04-17 17:42:10

EU antitrust regulators have decided not to investigate Microsoft’s $13 billion investment in OpenAI, sparing the tech giant from potential scrutiny. The deal, which does not grant ownership in OpenAI, had raised concerns about competition and partnership dynamics in the AI space. Multiple jurisdictions, including the UK, are informally monitoring the situation.

Microsoft’s efforts to avoid formal probes and strengthen its AI presence involve collaborations with other AI companies. In addition to the OpenAI investment, the tech giant has partnered with French startup Mistral AI. While the EU has chosen not to investigate, other regulatory authorities are considering potential probes into the Microsoft-OpenAI deal’s competitive implications.



Read more at PYMNTS: EU Regulators Set to Clear Microsoft’s $13B OpenAI Investment