CosmicTaco

Microsoft and Apple Withdraw from OpenAI Board Amid Regulatory Scrutiny

CosmicTaco · 2024-07-11T12:24:46.359799+05:30

- Microsoft and Apple have decided not to take board roles at OpenAI, highlighting growing regulatory concerns over Big Tech's influence on AI. - Microsoft, which invested $13 billion in OpenAI, will withdraw from the board, citing confidence in the company's direction and deeming their observer role unnecessary. - European and US regulators have expressed concerns about Microsoft's influence over OpenAI, prompting investigations into potential dominance and antitrust issues. - The UK is also scrutinizing Amazon's $4 billion collaboration with AI company Anthropic, while the US probes Nvidia's dominance in AI chips. - OpenAI will continue to engage with stakeholders through regular meetings to ensure collaboration on safety and security, following its transition from a nonprofit to a for-profit entity.

Microsoft and Apple have decided not to take board roles at OpenAI, highlighting growing regulatory concerns over Big Tech's influence on AI.
Microsoft, which invested $13 billion in OpenAI, will withdraw from the board, citing confidence in the company's direction and deeming their observer role unnecessary.
European and US regulators have expressed concerns about Microsoft's influence over OpenAI, prompting investigations into potential dominance and antitrust issues.
The UK is also scrutinizing Amazon's $4 billion collaboration with AI company Anthropic, while the US probes Nvidia's dominance in AI chips.
OpenAI will continue to engage with stakeholders through regular meetings to ensure collaboration on safety and security, following its transition from a nonprofit to a for-profit entity.

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