EconomyLens.com
No Result
View All Result
Thursday, September 18, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Tech

Microsoft gives up OpenAI board seat amid regulator scrutiny

Andrew Murphy by Andrew Murphy
July 10, 2024
in Tech
Reading Time: 4 mins read
A A
2
44
SHARES
549
VIEWS
Share on FacebookShare on Twitter

Microsoft giving up its observer seat on the board of ChatGPT maker OpenAI comes as Brussels seeks more information about the relations between the two companies. ©AFP

Brussels (Belgium) (AFP) – Microsoft has ditched plans to take up an observer seat on the board of ChatGPT maker OpenAI, according to a letter seen by AFP on Wednesday, as antitrust regulators step up their scrutiny of the artificial intelligence market.

Related

Nvidia CEO disappointed over China chip ban report

Microsoft avoids EU antitrust fine with Teams commitments

Robot dogs, flying cars: five takeaways from the Munich auto show

Robot dogs, flying cars: five takeaways from the Munich auto show

Former Meta researchers testify company buried child safety studies

Microsoft’s $13-billion tie-up with OpenAI has raised concerns on both sides of the Atlantic about just how much influence it has over its smaller partner.

Regulators began examining the partnership after an abortive boardroom coup last year against OpenAI CEO Sam Altman, whom Microsoft supported and even briefly hired.

It was after the turmoil in OpenAI that Microsoft got a seat on the board as a non-voting observer that it is now giving up.

Microsoft’s withdrawal is “effective immediately”, the letter said.

“Over the past eight months we have witnessed significant progress by the newly formed board and are confident in the company’s direction,” Microsoft wrote to OpenAI in the letter sent on Tuesday.

“We no longer believe our limited role as an observer is necessary.”

The European Commission, the EU’s influential antitrust regulator, last month concluded after a preliminary examination that Microsoft’s investment did not mean it had taken control of OpenAI.

But Microsoft was still under examination over the observer seat on the board from British competition regulators, and faced a potential antitrust probe in the United States.

When OpenAI’s ChatGPT chatbot hit the scene in November 2022, it marked the popular arrival of the AI revolution. Media reports said Apple had similarly given up the chance to sit on OpenAI’s board, but the iPhone maker was not immediately available for comment.

EU competition chief, Margrethe Vestager, has put big tech on alert over investments in the fast-growing AI market and insisted that the EU continues to keep an eye over the sector.

Brussels is now seeking more information from Microsoft about the agreement with OpenAI, Vestager said on June 28, to understand whether “certain exclusivity clauses could have a negative effect on competition”.

© 2024 AFP

Tags: artificial intelligenceMicrosoftOpenAI
Share18Tweet11Share3Pin4Send
Previous Post

Eastern religions join call for ethical AI

Next Post

Europe stocks advance after Wall Street records

Andrew Murphy

Andrew Murphy

Related Posts

Tech

Top Japan start-up Sakana AI touts nature-inspired tech

September 9, 2025
Tech

Former Meta researchers testify company buried child safety studies

September 9, 2025
Tech

Mistral cements AI lead in Europe with cash infusion

September 9, 2025
Tech

Google to obey South Korean order to blur satellite images on maps

September 8, 2025
Tech

AI and iPhones likely stars of Apple event

September 8, 2025
Tech

EU massive fine against Google draws Trump threat

September 7, 2025
Next Post

Europe stocks advance after Wall Street records

Stocks advance on rekindled rate cut hopes

US tightens steel, aluminum import rules to curb China tariff evasion

Have poor and troubled Paris suburbs won Olympic gold?

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

77

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Asian markets fluctuate after Fed cuts interest rates

September 17, 2025

Meta expands AI glasses line in a bet on the future

September 17, 2025

Judge weighs court’s powers in Trump climate case

September 17, 2025

US stocks finish mixed as Fed cuts rates for first time in 2025

September 17, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.