Following UK regulators' probe, the Federal Trade Commission (FTC) is inspecting Microsoft's (MSFT) relationship with and investment in artificial intelligence developer OpenAI, according to Bloomberg. Yahoo Finance Tech Editor Dan Howley breaks down the antitrust commentary surrounding Big Tech's adoption of AI For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Microsoft (NASDAQ: MSFT) has featured in countless headlines this year, becoming a major player in artificial intelligence (AI) with a significant investment in ChatGPT developer OpenAI and completing a record deal to purchase Activision Blizzard in October. Most recently, the company and its investors were jolted by the ousting of OpenAI CEO Sam Altman, sending Microsoft's shares tumbling and bringing its AI prospects into question as it owns a 49% stake in the start-up. Altman has since been reinstated, and OpenAI's board reconstituted to prioritize Microsoft's interests, seemingly calming investor concern.
(Bloomberg) -- With global regulators examining Microsoft Corp.’s $13 billion investment in OpenAI, the software giant has a simple argument it hopes will resonate with antitrust officials: It doesn’t own a traditional stake in the buzzy startup so can’t be said to control it.Most Read from BloombergApps That Use AI to Undress Women in Photos Soaring in UseThe Record Rush to Buy a Rolex or a Patek Philippe Is OverAmericans Rush to Portugal Ahead of Changes to Expat Tax BreaksApple’s iPhone and W