European Union Regulators Approve Microsoft's $13 Billion Investment in OpenAI.

Quick Summary:

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.

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 difference was significant in the argument of the Microsoft that the investment was only of strategic character but not a takeover.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News OpenAI Regulation News Microsoft

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-18 @ 08:12:09 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 432 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 20717164

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