Microsoft faces UK competition investigation over hiring of AI startup’s founder and key staff

Quick Summary:

LONDON—British regulators opened a preliminary investigation on Tuesday into Microsoft’s hiring of an AI startup’s key staff over concerns that it could thwart competition in the booming artificial intelligence market.

The British watchdog has until September 11 to decide whether to give its approval or escalate the probe into an in-depth investigation.

Authorities on both sides of the Atlantic have become concerned about how the biggest technology companies are gobbling up the talent and products of innovative AI startups without formally acquiring them.

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Article Details

Author / Journalist: Kelvin Chan / The Associated Press

Category: BusinessStartups

Markets: Philippines

Topics: Authority Investigation Competition Market Markets Concerns Hiring Artificial Intelligence Deal Suleyman

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 16:00:00 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 393 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 29 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 21899421

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 40 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 9 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #37

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