Stock Market News

Microsoft to relinquish its observer seat on OpenAI board – report

2024.07.10 05:00

Microsoft to relinquish its observer seat on OpenAI board - report

Microsoft (NASDAQ:) announced it will relinquish its observer seat on the OpenAI board amid increasing regulatory scrutiny over generative AI in Europe and the U.S., according to CNBC.

Keith Dolliver, Microsoft’s Deputy General Counsel, wrote to OpenAI on Tuesday, stating that while the observer seat provided valuable insights into the board’s activities without compromising its independence, it was no longer necessary.

The letter, seen by CNBC, noted that Microsoft had “witnessed significant progress from the newly formed board.”

The European Commission had previously indicated that Microsoft might face an antitrust investigation, focusing on the markets for virtual worlds and generative AI. In January, the Commission, the EU’s executive arm, said it was examining agreements between major digital market players and generative AI developers, specifically highlighting the Microsoft-OpenAI partnership.

Although the EU concluded that Microsoft’s observer seat did not impact OpenAI’s independence, regulators are seeking additional third-party opinions on the partnership. Meanwhile, Britain’s Competition and Markets Authority remains concerned.

Microsoft initially took a nonvoting board seat at OpenAI in November to address questions about its intentions with the startup, following a period of upheaval that saw OpenAI CEO Sam Altman fired and then quickly reinstated.

Microsoft has invested heavily in the ChatGPT maker, with its total investment reportedly reaching $13 billion.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 64,761.35 2.21%
ethereum
Ethereum (ETH) $ 3,461.01 1.81%
tether
Tether (USDT) $ 0.99945 0.01%
bnb
BNB (BNB) $ 576.77 0.10%
solana
Solana (SOL) $ 161.49 4.02%
usd-coin
USDC (USDC) $ 0.999956 0.07%
staked-ether
Lido Staked Ether (STETH) $ 3,463.99 1.49%
xrp
XRP (XRP) $ 0.581779 8.52%
the-open-network
Toncoin (TON) $ 7.35 2.35%
dogecoin
Dogecoin (DOGE) $ 0.125411 3.51%
cardano
Cardano (ADA) $ 0.441238 1.54%
tron
TRON (TRX) $ 0.133737 2.90%
shiba-inu
Shiba Inu (SHIB) $ 0.000019 5.52%
avalanche-2
Avalanche (AVAX) $ 28.16 3.94%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 64,817.37 1.93%
polkadot
Polkadot (DOT) $ 6.37 0.16%
chainlink
Chainlink (LINK) $ 14.31 1.47%
bitcoin-cash
Bitcoin Cash (BCH) $ 390.01 0.50%
near
NEAR Protocol (NEAR) $ 6.20 8.30%
uniswap
Uniswap (UNI) $ 8.18 2.78%
litecoin
Litecoin (LTC) $ 72.87 2.47%
leo-token
LEO Token (LEO) $ 5.85 0.20%
dai
Dai (DAI) $ 0.997505 0.12%
pepe
Pepe (PEPE) $ 0.000012 16.46%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,621.18 2.16%
matic-network
Polygon (MATIC) $ 0.547092 2.17%
internet-computer
Internet Computer (ICP) $ 9.54 0.13%
kaspa
Kaspa (KAS) $ 0.181674 0.02%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.45 6.97%
ethereum-classic
Ethereum Classic (ETC) $ 23.66 1.81%
ethena-usde
Ethena USDe (USDE) $ 0.997866 0.19%
aptos
Aptos (APT) $ 7.08 5.27%
stellar
Stellar (XLM) $ 0.107059 3.82%
monero
Monero (XMR) $ 162.06 2.43%
blockstack
Stacks (STX) $ 1.92 2.06%
maker
Maker (MKR) $ 3,011.48 3.13%
hedera-hashgraph
Hedera (HBAR) $ 0.076729 0.84%
filecoin
Filecoin (FIL) $ 4.56 5.48%
vechain
VeChain (VET) $ 0.031614 1.06%
okb
OKB (OKB) $ 42.67 2.92%
render-token
Render (RNDR) $ 6.51 0.73%
mantle
Mantle (MNT) $ 0.77795 1.80%
cosmos
Cosmos Hub (ATOM) $ 6.51 2.73%
crypto-com-chain
Cronos (CRO) $ 0.094531 0.54%
arbitrum
Arbitrum (ARB) $ 0.758057 2.53%
injective-protocol
Injective (INJ) $ 24.25 7.77%
immutable-x
Immutable (IMX) $ 1.50 0.78%
sui
Sui (SUI) $ 0.87993 8.08%
dogwifcoin
dogwifhat (WIF) $ 2.15 9.22%
bittensor
Bittensor (TAO) $ 303.10 2.34%