Microsoft to relinquish its observer seat on OpenAI board - report
) 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.
The letter, seen by CNBC, noted that Microsoft had “witnessed significant progress from the newly formed board.” 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 has invested heavily in the ChatGPT maker, with its total investment reportedly reaching $13 billion.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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