US EditionMicrosoft drops its observer seat on OpenAI board amid regulatory scrutiny
- Microsoft invested $1 billion in OpenAI in 2019, with total investments reaching $13 billion. The European Commission investigated their partnership but found Microsoft did not gain control of OpenAI.
- Due to regulatory scrutiny, Microsoft decided to give up its observer seat on the OpenAI board. The European Commission considered an antitrust investigation into virtual worlds and generative artificial intelligence markets.
- Microsoft has invested $13 billion in OpenAI to date, with no control over the company.
95 Articles
95 Articles
Microsoft drops OpenAI board seat as scrutiny increases
Microsoft has ditched plans to take up a non-voting position on the board of ChatGPT maker OpenAI, according to a letter seen by AFP on Wednesday, as regulators step up scrutiny of deals involving AI companies. Microsoft's $13-billion tie-up with OpenAI has raised concerns on both sides of the Atlantic…
In a significant event within the technology industry, Microsoft and Apple withdrew from their observer seat on the board of OpenAI on Wednesday. Less than eight months after acquiring this seat without voting rights, the move indicates a recalibration of strategic partnerships influenced by regulatory scrutiny. Reports suggest that Apple, initially willing to join the non-profit board of OpenAI, also withdrew its plans. Microsoft and Apple's de…
Microsoft and Apple Withdraw from OpenAI’s Board as Antitrust Scrutiny Heats Up
As regulators across the U.S. and Europe continue to crack down on corporate partnerships in the buzzing A.I. world, both Microsoft and Apple are abandoning their board seats at OpenAI. Microsoft executive Dee Templeton has been a non-voting board member of OpenAI since the beginning of the year, while Apple executive Phil Schiller was reportedly set to join as a non-voting observer later in 2024. Microsoft yesterday (July 9) told OpenAI that th…
Microsoft drops observer seat on OpenAI board that sparked scrutiny
Microsoft resigned on Tuesday from its observer role on OpenAI’s board amid heightened scrutiny from U.S. and European antitrust regulators of the partnership between the two tech giants. Microsoft sent a letter Tuesday to the artificial intelligence (AI) company, which makes ChatGPT, saying it would give up the observer seat “effective immediately.” “We appreciate the support shown by OpenAI leadership and the OpenAI board as we made this decis…
Microsoft, Apple nix OpenAI board seats as antitrust scrutiny mounts
Microsoft and Apple have reportedly nixed plans to hold observer seats on OpenAI’s board of directors – a move that comes as the tech firms face a widening antitrust crackdown in the US and Europe.
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