The European Union states Microsoft’s multibillion-dollar financialinvestment in ChatGPT-maker OpenAI might trigger a merger examination
FILE – OpenAI CEO Sam Altman, left, appears onstage with Microsoft CEO Satya Nadella at OpenAI’s initially designer conference, on Nov. 6, 2023, in San Francisco. The European Union states Microsoft’s multibillion-dollar financialinvestment in ChatGPT-maker OpenAI might trigger a merger examination. The EU’s executive branch stated Tuesday, JAN. 9, 2024, it’s “checking whether Microsoft’s financialinvestment in OpenAI may be reviewable” under guidelines covering mergers and acquisitions that would damage competitors in the 27-nation bloc. (AP Photo/Barbara Ortutay, File)
The Associated Press
LONDON — Microsoft’s multibillion-dollar financialinvestment in ChatGPT-maker OpenAI might trigger a European Union merger examination, the bloc’s executive branch stated Tuesday.
The European Commission stated it’s “checking whether Microsoft’s financialinvestment in OpenAI may be reviewable” under guidelines covering mergers and acquisitions that would damage competitors in the 27-nation EU.
The evaluation might lead to a official examination into whether the offer must be unconditionally cleared, permitted with concessions from the business or obstructed. Britain’s antitrust guarddog opened a comparable evaluation last month.
Antitrust enforcers in the U.S. likewise haveactually signified issues about competitors in the AI market. The Federal Trade Commission in November authorized brand-new steps allowing it to more easi