Microsoft Corp’s (NASDAQ:MSFT) significant $13 billion investment in OpenAI Inc will not undergo a formal investigation by the European Union’s merger watchdogs, alleviating concerns about potential regulatory interventions.
The European Commission concluded that the collaboration does not constitute a takeover, and Microsoft does not exercise control over OpenAI’s operations.
The decision follows scrutiny sparked by revelations of Microsoft’s close relationship with the ChatGPT developer, leading to a review under the EU’s merger regulation, Bloomberg cites familiar sources.
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However, the EU typically ...