The antitrust regulators of the European Union have ascertained that Microsoft’s significant $13 billion stake in OpenAI will not prompt a formal investigation. This signifies a major shift for the tech giant, which enables it to escape possible restrictive measures that would have been imposed after an in-depth examination in line with European merger regulations.
This development is regarded as a confirmation of Microsoft’s observance of regulatory requirements of the technology industry with regard to mergers and acquisitions.
The investment, which was announced last year, stipulates that Microsoft will acquire a non-voting position on OpenAI’s board, claiming that it is not equivalent to ownership of the AI firm. This difference was significant in the argument of the Microsoft that the investment was only of strategic character but not a takeover. However, the EU expressed concern initially and therefore, an evaluation was needed to ascertain whether the deal was in complianc
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