The Federal Trade Commission is examining the nature of Microsoft’s investment in OpenAI and whether it may violate antitrust laws, Leah Nylen of Bloomberg reports, citing a person familiar with the matter. The inquiries are preliminary and the FTC hasn’t opened a formal investigation, a source told Bloomberg. Microsoft didn’t report the transaction to the agency because the investment in OpenAI doesn’t amount to control of the company under U.S. law, the person added.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on MSFT:
- Microsoft’s (NASDAQ:MSFT) OpenAI Collaboration Faces UK Regulatory Scrutiny
- AMD Stock (NASDAQ:AMD): Will AI-Fueled Rally Lose Steam?
- AMD (NASDAQ:AMD) Surges as Analysts Come Out Mostly in Favor
- Alphabet price target raised to $166 from $152 at Roth MKM
- Much of AMD’s GPU upside priced in at current valuation, says BofA