In its Friday statement, the regulator has invited interested parties to provide their comments on whether the partnership has led to a relevant merger situation and its implications for competition in the U.K. This invitation serves as the first step in the CMA's information-gathering process before initiating a formal investigation.
Focus on Acquisition of Control
As part of its review, the CMA will thoroughly analyze whether the partnership has resulted in an acquisition of control. This situation arises when one party possesses significant influence, de facto control, or holds more than 50% of the voting rights over another entity.
Microsoft's Commitment to Collaboration
Microsoft has expressed its full cooperation with the CMA, emphasizing their commitment to providing all the necessary information during the investigative process. The tech giant highlights that their partnership with OpenAI, which has catalyzed increased AI innovation and healthy competition since 2019, remains focused on preserving independence for both companies. Microsoft clarifies that their recent involvement entails having a non-voting observer on OpenAI's board, distinguishing it from an acquisition.
OpenAI's Response Pending
OpenAI has not yet responded to inquiries from Dow Jones Newswire regarding the investigation.
MBIA Declares Special Dividend
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