Trending: Microsoft's OpenAI Investment May Face EU Probe
10 January 2024 - 6:49AM
Dow Jones News
14:19 ET -- Microsoft is one of the most mentioned companies in
the U.S. across all news items in the last 12 hours, according to
Factiva data. The European Union said it is considering whether to
begin reviewing Microsoft's investment in ChatGPT maker OpenAI
under the bloc's merger regulations, a month after the U.K. said it
was also weighing whether the tech partnership could impact
competition. The EU is requesting feedback from interested parties
by March 11. Microsoft, which now has a non-voting observer seat on
the OpenAI board, has invested $13 billion in OpenAI in exchange
for what is essentially a 49% stake in the earnings of its
for-profit arm. Dow Jones & Co. owns Factiva.
(jennifer.tershak@wsj.com)
(END) Dow Jones Newswires
January 09, 2024 14:34 ET (19:34 GMT)
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