3
On Wednesday, the U.K.’s Competition and Markets Authority ruled that Microsoft Corporation’s (NASDAQ:MSFT) $13 billion investment in OpenAI does not warrant a formal merger investigation.
What Happened: The CMA announced that Microsoft’s investment in OpenAI does not constitute a merger, as there was no “change of control” giving Microsoft “de facto control” over the AI startup, reported the Financial Times.
This decision follows months of scrutiny into whether Microsoft’s stake in OpenAI could stifle competition in the AI market.
