Microsoft’s OpenAI Ties Face Potential EU Merger Investigation

Bloomberg01-09

EU watchdog follows UK regulator in weighing a probeMove comes after furore over firing and rehiring of Sam AltmanMicrosoft Corp.’s $13 billion investment into OpenAI Inc. is facing the potential of a...

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If found to reach the necessary conditions, regulators may start a formal probe into whether the arrangement should be allowed. The EU move follows a similar step by the UK’s Competition and Markets Authority.Microsoft has benefited richly from its investments, totaling as much as $13 billion, in OpenAI. By integrating OpenAI’s products into virtually every corner of its core businesses, the software giant very quickly established itself as the undisputed leader of AI among big tech firms. Rival Alphabet Inc.’s Google has been racing to catch up ever since.The recent firing — and subsequent rehiring — of Sam Altman as chief of OpenAI exposed how inextricably linked the two companies have become. Microsoft shares fell immediately after OpenAI’s board ousted Altman. Microsoft chief executive officer Satya Nadella personally helped negotiate and advocate for his return to the company — at one point offering to hire Altman himself, along with other employees at OpenAI who wanted to leave.On Tuesday, the EU’s antitrust enforcers also announced a call for feedback on competitive issues that may arise in the field of generative artificial intelligence and virtual worlds.“We are inviting businesses and experts to tell us about any competition issues that they may perceive in these industries, whilst also closely monitoring AI partnerships to ensure they do not unduly distort market dynamics.,” a statement from Margrethe Vestager, the EU’s competition commissioner, read.The Brussels-based commission added that venture capital investment in AI in the EU is estimated at more than €7.2 billion in 2023 and the size of the virtual worlds market in Europe is estimated to have reached more than €11 billion in 2023. 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