FTC Wants Microsoft's Relationship With OpenAI Under the Microscope

The FTC is considering an investigation into Microsoft's investment in OpenAI to determine if the company broke any antitrust laws. The Register reports: Despite the money poured into it over the years, OpenAI was founded as a non-profit in 2015, and Microsoft's investment does not amount to control of the company. Microsoft chief communications officer Frank X Shaw underlined attempts to dampen down industry talk of a probe: 'While details of our agreement remain confidential, it is important to note that Microsoft does not own any portion of OpenAI and is simply entitled to share of profit distributions.'

At the end of last week, the UK's Competition and Markets Authority (CMA) launched a consultation to ask interested parties to comment on Microsoft's relationship with ChatGPT developer, and if it could be construed as a merger that potentially skews competition. If so, the CMA will itself launch an official inspection.

Read more of this story at Slashdot.