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
Greek vase ‘looted’ in Italy removed from sale by London gallery
What happens when love tips over into the infatuated state of ‘limerence’?
‘It’s going to be messy’: Americans on how Trump’s tariffs are shaping their spending