UK regulators are probing into whether Microsoft's (MSFT) investment into OpenAI — currently holding a 49% stake in the artificial intelligence developer and a non-voting seat on its board — has set the conditions for a merger-like situation. Roth MKM Managing Director Rohit Kulkarni posits on what would push Microsoft to fully acquire OpenAI. Kulkarni joins Yahoo Finance to discuss the path for US and European officials to establish regulation on AI models and Big Tech companies adopting them. "Probably we are going to get more regulations with regards to maybe compliance, with regards to disclosure, with regards to transfer... and then that would be a step towards control and how much power some of these Big Tech companies will continue to have," Kulkarni says. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
UK antitrust regulators are eyeing the relationship between artificial intelligence firm OpenAI and Microsoft (MSFT), which owns a 49% stake in OpenAI and now a non-voting seat on its board. Yahoo Finance Tech Editor Dan Howley details UK lawmakers' competition concerns over Microsoft's deepening relationship with OpenAI and whether officials are considering the tech giant to be skirting regulation by not going through with a full acquisition. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
The S&P 500 has produced a total return of over 20% for investors in 2023, but that growth has come almost entirely from just a handful of stocks. The "Magnificent Seven" -- Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), Nvidia (NASDAQ: NVDA), Meta Platforms (NASDAQ: META) and Tesla (NASDAQ: TSLA) -- have produced market-trouncing returns in 2023.