European Union regulators are concerned that Microsoft may be covertly controlling OpenAI as its biggest investor.
… you mean like how most investments operate in the US? No news here, just another example of how the FTC and FCC are a joke and another example of how the govt fails to properly protect its people from bullshit, fraud, and control by corps.
EU regulators.
Stop staring at Microsoft for 2 seconds and break Google the fuck up.
I hate Google too, but why not leave that to a relevant post?
Why not both?
Wait, do you mean that the majority stakeholder in a company would try to control it? Pickachu face
Yes, i am aware that the actual problem is that it is being done covertly and that the manoeuvring might have been to take control of the Non Profit
Do we know that MS were the ones behind the ceo firing and used the employees anger to fire the board and place their own puppets?
This is the best summary I could come up with:
The EC’s executive vice president in charge of competition policy, Margrethe Vestager, said in the announcement that rapidly advancing AI technologies are “disruptive” and have “great potential,” but to protect EU markets, a forward-looking analysis scrutinizing antitrust risks has become necessary.
Regulators are particularly keen to hear from policy experts, academics, and industry and consumer organizations who can identify “potential competition issues” stemming from tech companies partnering to develop generative AI and virtual world/metaverse systems.
The EC worries that partnerships like Microsoft and OpenAI could “result in entrenched market positions and potential harmful competition behavior that is difficult to address afterwards.”
Beyond the EU, the UK’s Competition and Markets Authority (CMA) and reportedly the US Federal Trade Commission have also launched investigations into Microsoft’s OpenAI investments.
Antitrust legal experts told Reuters that authorities should act quickly to prevent “critical emerging technology” like generative AI from being “monopolized,” noting that before launching a probe, the CMA will need to find evidence showing that Microsoft’s influence over OpenAI materially changed after Altman’s reappointment.
On Tuesday, a nonprofit consumer rights group, the Public Citizen, called for California Attorney General Robert Bonta to “investigate whether OpenAI should retain its non-profit status.”
The original article contains 760 words, the summary contains 196 words. Saved 74%. I’m a bot and I’m open source!
