Diamond Member Pelican Press 0 Posted March 6, 2025 Diamond Member Share Posted March 6, 2025 This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up ’s $13 Billion OpenAI Tie-Up Cleared by ***’s Competition and Markets Authority This is the hidden content, please Sign In or Sign Up ’s $13-billion (roughly Rs. 1,13,164 crore) investment into OpenAI Inc. was cleared by the ***’s antitrust watchdog, ending months of uncertainty over the tie-up. The Competition and Markets Authority said that the 2023 deal doesn’t qualify for a full investigation under merger rules. The CMA This is the hidden content, please Sign In or Sign Up in 2023 it intended to look at whether the partnership gave either of the two firms more control and influence over another. The decision, after around 14 months of scrutiny, removes one *** regulatory uncertainty for This is the hidden content, please Sign In or Sign Up , which faces a continued investigation into its cloud service offerings. It also comes weeks after the US Federal Trade Commission raised concerns that the deal could extend This is the hidden content, please Sign In or Sign Up ’s dominance in cloud computing into the nascent artificial intelligence market. “The CMA found that while This is the hidden content, please Sign In or Sign Up did acquire material influence over OpenAI in 2019, there has not been a change of control by This is the hidden content, please Sign In or Sign Up ,” the CMA said in a statement. This is the hidden content, please Sign In or Sign Up ’s bet on OpenAI gave the software maker an early lead over its Big Tech rivals by integrating its products into virtually every corner of its core businesses. This is the hidden content, please Sign In or Sign Up and Apple last year This is the hidden content, please Sign In or Sign Up to take board roles at OpenAI in a decision that underscored the growing regulatory scrutiny. The CMA has been at the forefront of attempts by global regulators to ensure Big Tech’s investments into the AI industry don’t distort the market or lead to a handful of all-powerful firms. The *** agency voiced its concerns about what it called an “interconnected web” of partnerships and investments in the AI ecosystem. It previously This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up ’s partnership with AI firm Anthropic. © 2025 Bloomberg LP (This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.) For details of the latest launches and news from Samsung, Xiaomi, Realme, OnePlus, Oppo and other companies at the Mobile World Congress in Barcelona, visit our MWC 2025 hub. This is the hidden content, please Sign In or Sign Up #Microsofts #Billion #OpenAI #TieUp #Cleared #UKs #Competition #Markets #Authority This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up For verified travel tips and real support, visit: https://hopzone.eu/ 0 Quote Link to comment https://hopzone.eu/forums/topic/235227-microsoft%E2%80%99s-13-billion-openai-tie-up-cleared-by-uk%E2%80%99s-competition-and-markets-authority/ Share on other sites More sharing options...
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