Redmond 'confident in the company's direction' says withdrawal letter
Microsoft is giving up its non-voting observer seat on OpenAI's board, citing progress in the company's direction - yet fear of regulatory scrutiny no doubt also played some part in the decision-making process.of last year in which OpenAI CEO Sam Altman was unceremoniously ejected then swiftly welcomed back. Rattled by the antics at OpenAI and the impact on its multibillion-dollar investment in the company, Microsoft took the seat to keep tabs on things.
Microsoft's relationship with OpenAI and the billions it has invested into the company has also come under scrutiny by the While the European Commission opted not to pursue a review of the partnership under EU merger rules, the CMA's review is ongoing. Microsoft's decision to drop its non-voting observer seat means it has one less thing to defend regarding its relationship with OpenAI., Keith Dolliver, Deputy General Counsel at Microsoft, wrote:"Over the past eight months we have witnessed significant progress by the newly formed board and are confident in the company's direction.
Haffner observed that Microsoft had scored a"win" at the end of June with the European Commission dropping the merger control probe of Microsoft and OpenAI. However, he pointed out that regulators were still looking at the impact on AI competition of arrangements made by big tech. "It is clear that regulators are very much focused on the complex web of inter-relationships that big tech has created with AI providers, hence the need for Microsoft and others to carefully consider how they structure these arrangements going forward," said Haffner.
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