Microsoft's $13B Investment In OpenAI Under EU Scrutiny
Portfolio Pulse from Shivani Kumaresan
Microsoft's $13 billion investment in OpenAI is under scrutiny by the EU's antitrust regulators due to concerns about the exclusivity of Microsoft's cloud technology for OpenAI's use. The EU will gather more information from Microsoft's competitors and customers, which could lead to formal investigations if anti-competitive behavior is found. Similar inquiries have been made by the U.K. and U.S. regulators.
June 28, 2024 | 2:50 pm
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Microsoft's $13 billion investment in OpenAI is under scrutiny by the EU's antitrust regulators due to concerns about the exclusivity of Microsoft's cloud technology for OpenAI's use. The EU will gather more information from Microsoft's competitors and customers, which could lead to formal investigations if anti-competitive behavior is found.
The EU's scrutiny of Microsoft's investment in OpenAI could lead to formal investigations and potential orders to change practices if anti-competitive behavior is found. This regulatory pressure could negatively impact Microsoft's stock price in the short term.
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