The UK’s Competitors and Markets Authority (CMA) has authorised Microsoft’s $13 billion funding in OpenAI following a 14-month investigation. The conclusion is that Microsoft’s newest funding doesn’t require additional investigation beneath the merger guidelines, as neither get together would acquire extra management over the opposite.
Particularly, the CMA doesn’t think about there was a change of management by Microsoft from materials affect to de facto management over OpenAI. Subsequently, the Partnership is not going to be referred beneath part 22 of the Enterprise Act 2002 (the Act). – CMA press launch
Microsoft owns an estimated 49% of OpenAI and has invested over $14 billion within the AI analysis agency since 2019. Microsoft’s newest funding spherical in OpenAI continues to be beneath investigation from the US Federal Commerce Fee (FTC) over potential dominance within the area of AI much like Microsoft’s cloud computing hegemony.
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