The European Union is checking whether Microsoft’s investment in generative AI giant OpenAI is reviewable under the bloc’s merger regulations, it said today.
“Finally, the European Commission is checking whether Microsoft’s investment in OpenAI might be reviewable under the EU Merger Regulation,” it added.
Commenting in a statement, EU competition chief Margrethe Vestager said:Virtual worlds and generative AI are rapidly developing.
They also told us there are no “particular concerns” the EU has identified yet vis-a-vis competition and generative AI as yet.
Per the spokesperson, a transaction would be notifiable to the Commission under the EU Merger Regulation if it involves ” a change of control on a lasting basis”.
Egyptian B2B e-commerce startup MaxAB and Wasoko, a Kenya-based e-commerce player with operations in Tanzania, Rwanda, Uganda and Zambia, are in talks to merge operations, TechCrunch has exclusively learned from multiple sources.
The merger talks come as B2B e-commerce companies in Africa continue to scale back operations due to funding scarcity.
TechCrunch learned that the company had only received $30 million by the time merger talks, which are said to be investor-led, started.
As of last year, the prospect of a merger between MaxAB and Wasoko, both asset-heaving B2B e-commerce startups, seemed unlikely.
The eight-year-old B2B e-commerce company has since expanded to Zambia and the Democratic Republic of Congo.
The four legislators argue that the merged company has harmed workers and reduced consumer choice. Warner Bros. Discovery was formed after WarnerMedia merged with Discovery Inc. in April 2022, and…
In the first quarter of 2019, online used vehicle retailer Shift Technologies cut its workforce by 30% as the company sought to reduce costs and eliminate duplicate positions following its…
The denial by Byju’s that it is exploring a merge or acquisition with rival Unacademy is likely due to the weakening global market conditions and escalating competition in the edtech…
