After $13 bn in Investment, Microsoft’s OpenAI Linkage Risks Scrutiny From US, UK Regulators
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The US Federal Trade Commission is examining the nature of Microsoft Corp.'s investment in OpenAI Inc. and whether it may violate antitrust laws, according to a person familiar with the matter.The inquiries are preliminary and the agency hasn't opened a formal investigation, according to the person, who asked not to be named discussing a confidential matter. Microsoft didn't report the transaction to the agency because the investment in OpenAI doesn't amount to control of the company under US law, the person said. OpenAI is a non-profit and acquisitions of non-corporate entities aren't reported under US merger law, regardless of value. Agency officials are analyzing the situation and assessing what its options are. An FTC spokesperson declined to comment. Microsoft didn't immed...