Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Why Bilt’s New Launch Could Be the Most Rewarding Card to Rule Them All

September 30, 2026

Moscow Closes The Door: How Putin & Lavrov Hardened Russia’s Line On Ukraine In Ten Days

September 30, 2026

Do Open Houses Help Homes Sell?

September 30, 2026
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Wednesday, September 30
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Stock Market»Microsoft ditches OpenAI board observer seat to stave off antitrust scrutiny By Reuters
Stock Market

Microsoft ditches OpenAI board observer seat to stave off antitrust scrutiny By Reuters

July 16, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Written by Foo Yun Chee

BRUSSELS (Reuters) – In a move to address concerns from U.S. and UK antitrust regulators regarding its control over OpenAI, Microsoft has relinquished its board observer seat at the AI startup amidst the increasing popularity of generative artificial intelligence.

However, a source at the U.S. Federal Trade Commission stated that this change is unlikely to resolve the concerns raised by the agency, which is currently conducting an antitrust review of deals involving Big Tech firms and top AI companies.

The decision by Microsoft indicates that the company recognizes the potential antitrust risks and is proactively addressing them, according to the FTC source.

Microsoft did not respond to a request for comment on this matter.

On the other hand, Apple, which recently announced its integration of OpenAI’s ChatGPT chatbot into its devices, will not be taking an observer role on OpenAI’s board as previously anticipated.

An OpenAI spokesperson mentioned that the company plans to establish a new approach to engaging with stakeholders by holding regular meetings with strategic partners like Microsoft and Apple, as well as investors such as Thrive Capital and Khosla Ventures.

Microsoft had obtained a non-voting observer position on OpenAI’s board last November, allowing access to confidential information but without voting rights on crucial matters.

The decision to give up the observer seat comes after witnessing OpenAI’s progress under CEO Sam Altman’s leadership, leading Microsoft to believe that their limited role as an observer is no longer necessary.

While EU antitrust regulators have stated that the partnership between Microsoft and OpenAI is not subject to merger rules, concerns from British and U.S. regulators persist regarding Microsoft’s influence over OpenAI.

Microsoft’s move to remove the observer seat is seen as a strategic decision to mitigate antitrust concerns and demonstrate independence to regulators.

Both Microsoft and OpenAI are actively competing in the AI market to cater to enterprise customers, with Microsoft expanding its AI offerings on the Azure platform and making strategic hires to diversify beyond OpenAI.

© Reuters. FILE PHOTO: OpenAI logo is seen in this illustration taken May 20, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

antitrust Board ditches Microsoft observer OpenAI Reuters scrutiny seat stave
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Pyth Network Adds Anthropic and OpenAI as Pyth Indices

September 27, 2026

Steve Eisman: What If OpenAI Actually Fails?

September 9, 2026

Stock Market Today: Nasdaq Slides Along With Chip Names; Sandisk, Micron Lose Big (Live Coverage)

August 20, 2026
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Best free robo-advisors

September 28, 202414 Views

Hyperliquid: Can $9.57M whale buy push HYPE price above $50?

May 18, 20269 Views

China challenges Brussels’ electric car tariffs with WTO complaint

August 9, 20249 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Personal Finance

Why Bilt’s New Launch Could Be the Most Rewarding Card to Rule Them All

September 30, 20260
Economic News

Moscow Closes The Door: How Putin & Lavrov Hardened Russia’s Line On Ukraine In Ten Days

September 30, 20260
Real Estate

Do Open Houses Help Homes Sell?

September 30, 20260
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2026 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.