MSFT - Microsoft's $13B Investment In OpenAI Under EU Scrutiny | Benzinga
Microsoft Corp. (NASDAQ:MSFT) faces increased scrutiny from the European Union's antitrust regulators over its $13 billion investment in OpenAI Inc.
The EU is set to question rivals about the exclusivity of Microsoft's cloud technology for OpenAI's use, following concerns about potential negative effects on competition.
The EU's antitrust chief, Margrethe Vestager, is expected to announce that regulators will not launch an investigation under the EU's merger rules, but will instead gather more information from Microsoft's competitors and customers regarding the exclusivity clauses in the agreement, reported Bloomberg.
Under the terms of the partnership, Microsoft's Azure is the ...