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 of the company itself, but the possibility of a maximum of a 100-times return on its capital.
About Author
More Stories
Microsoft unveils chip it says could bring quantum computing within years
Virologist Wendy Barclay: ‘Wild avian viruses are mixing up their genetics all the time. It’s like viral sex on steroids’
The English schools looking to dispel ‘doom and gloom’ around AI