Microsoft abandons non-voting board position in OpenAI amid regulatory scrutiny of Big Tech's AI influence.

Microsoft has dropped its plans to take a non-voting position on OpenAI's board as regulators investigate Big Tech's influence on AI startups. Microsoft's $13bn investment in OpenAI has attracted scrutiny from antitrust regulators, with concerns raised about the tech giant's influence over the smaller AI partner. OpenAI, the creator of AI chatbot ChatGPT, will now hold quarterly meetings with investors and business partners, including Microsoft, Apple, Khosla Ventures, and Thrive Capital, to address increased legal and regulatory pressures.

July 10, 2024
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