Jan. 9, 2024, 4:01 p.m. | Alex Hern and Lisa O'Carroll

Artificial intelligence (AI) | The Guardian www.theguardian.com

European Commission says it is checking whether multibillion-dollar stake is reviewable under merger regulation

Microsoft’s multibillion-dollar investment in the ChatGPT developer OpenAI could face a merger investigation in the European Union, officials have said.

Microsoft is the largest minority investor in OpenAI Global LLC, a “capped profit” subsidiary company that is controlled by OpenAI Inc, the non-profit majority owner of the organisation. Its investment, given in the form of cloud-computing credits as well as cash, officially gives it no control …

artificial intelligence (ai) business chatgpt commission computing developer european commission european union face global investigation investment investor merger mergers and acquisitions microsoft openai openai global profit technology technology sector union world news

More from www.theguardian.com / Artificial intelligence (AI) | The Guardian

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