UK watchdog drops competition review of Microsoft’s OpenAI partnership

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The story "UK watchdog drops competition review of Microsoft’s OpenAI partnership" was covered 1 days ago by The Guardian, a news publisher based in United Kingdom.

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The Guardian 1d ago

UK watchdog drops competition review of Microsoft’s OpenAI partnership - The Guardian

Quick Summary:

CMA says tie-up does not qualify for an official investigation under Britain’s merger control regimeThe UK’s competition watchdog will not hold a formal investigation into Microsoft’s partnership with the startup behind the artificial intelligence chatbot ChatGPT, stating that while the $2.9tn (£2.3tn) tech company has "material influence” over OpenAI it does not control it.

The Competition and Markets Authority (CMA) said Microsoft, OpenAI’s biggest financial backer with a $13bn investment, acquired material influence over the San Francisco-based business in 2019 but did not exercise de facto control over it – and therefore did not meet the threshold for an official inquiry.Continue reading...

Microsoft recently contributed to a funding round that raised $6.6bn for OpenAI.