LONDON (AP) — Microsoft’s multibillion-dollar investment in ChatGPT-maker OpenAI could trigger a European Union merger investigation, the bloc’s executive branch said Tuesday.
The European Commission said it’s “checking whether Microsoft’s investment in OpenAI might be reviewable” under regulations covering mergers and acquisitions that would harm competition in the 27-nation EU.
The review could lead to a formal investigation into whether the deal should be unconditionally cleared, allowed with concessions from the companies or blocked.
OpenAI has received several rounds of funding from Microsoft, including an initial $1 billion in 2019 and a multibillion-dollar investment last year.
Generative AI systems like ChatGPT can spit out new text, images, videos or audio recordings based on prompts from users.
The commission is “also closely monitoring AI partnerships to ensure they do not unduly distort market dynamics,” the EU’s antitrust enforcer, Margrethe Vestager, said in a press release.
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LONDON (AP) — Microsoft’s multibillion-dollar investment in ChatGPT-maker OpenAI could trigger a European Union merger investigation, the bloc’s executive branch said Tuesday.
The European Commission said it’s “checking whether Microsoft’s investment in OpenAI might be reviewable” under regulations covering mergers and acquisitions that would harm competition in the 27-nation EU.
The review could lead to a formal investigation into whether the deal should be unconditionally cleared, allowed with concessions from the companies or blocked.
OpenAI has received several rounds of funding from Microsoft, including an initial $1 billion in 2019 and a multibillion-dollar investment last year.
Generative AI systems like ChatGPT can spit out new text, images, videos or audio recordings based on prompts from users.
The commission is “also closely monitoring AI partnerships to ensure they do not unduly distort market dynamics,” the EU’s antitrust enforcer, Margrethe Vestager, said in a press release.
The original article contains 313 words, the summary contains 144 words. Saved 54%. I’m a bot and I’m open source!