The EU’s antitrust arm said in January it was reviewing whether Microsoft’s involvement with OpenAI should be vetted, though Microsoft’s $13B investment into OpenAI will not trigger a formal investigation by European Union merger watchdogs, according to Bloomberg’s Samuel Stolton, citing sources. The European Commission has decided that the tie-up doesn’t merit a formal probe because it falls short of a takeover and that Microsoft doesn’t control the direction of OpenAI, people familiar with the matter told Bloomberg.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- Take-Two (NASDAQ:TTWO) Is Slashing Headcount by 5%
- Microsoft (NASDAQ:MSFT) Takes Minority Stake in UAE’s Top AI Firm
- Microsoft to invest $1.5B in group G42, Financial Times reports
- Microsoft faces criticism from cyber-attacks, works on overhaul, Bloomberg says
- Microsoft invests $1.5B in G42 AI technology holding company
