The European Commission Targets Microsoft and OpenAI
The European Commission is deliberating an investigation into Microsoft’s stake in the artificial intelligence developer, OpenAI. This stems from concerns around possible violations of competition and merger laws.
On this page
The European Commission is deliberating an investigation into Microsoft's stake in the artificial intelligence developer, OpenAI. This stems from concerns around possible violations of competition and merger laws.
Although Microsoft's investment falls short of a majority, owning less than 49% of OpenAI's shares and thus not qualifying as an acquisition, this hasn't deterred officials from initiating a preliminary investigation. Consequently, all involved parties are now required to provide their responses to the Commission's queries by March 11, 2024.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
