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https://markets.businessinsider.com/news/stocks/uk-s-antitrust-regulator-clears-microsoft-inflection-ai-partnership-1033748050
Submission: On September 06 via api from BE — Scanned from DE
Submission: On September 06 via api from BE — Scanned from DE
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Menu icon A vertical stack of three evenly spaced horizontal lines. Business Insider logo Markets Insider logo Search markets Search icon A magnifying glass. It indicates, "Click to perform a search". My Watchlist Markets Stocks Indices Commodities Cryptocurrencies Currencies ETFs News Calendar icon An icon in the shape of a calendar. Economic Earnings Search markets Search icon A magnifying glass. It indicates, "Click to perform a search". Search icon A magnifying glass. It indicates, "Click to perform a search". Markets Insider logo Close icon Two crossed lines that form an 'X'. 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All rights reserved. * Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. * Disclaimer * Accessibility * Commerce Policy * * Advertising Policies * Stock quotes by finanzen.net U.S. Markets Closed DOW 30 -0,54% -219,22 40.755,75 S&P 500 -0,30% -16,66 5.503,41 NASDAQ 100 +0,05% +8,93 18.930,33 gold -0,07% -1,81 2.514,88 oil (wti) -0,07% -0,05 69,26 BTC/USD +0,73% +410,88 56.531,63 Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. * Home * Stocks * Microsoft-stock * News for Microsoft * UK's Antitrust Regulator Clears Microsoft, Inflection AI Partnership UK'S ANTITRUST REGULATOR CLEARS MICROSOFT, INFLECTION AI PARTNERSHIP RTTNews Sep. 4, 2024, 10:53 AM (RTTNews) - The U.K.'s competition regulator, the Competition and Markets Authority or CMA, has cleared Microsoft's (MSFT) deal with the developer of chatbot Pi, Inflection AI, which included a licensing deal and the hiring of former Inflection employees. The CMA permitted the deal, potentially valued at about $650 million, to move forward, stating that it does not qualify as a "relevant merger situation" under its regulatory scope, and does not raise any concerns about a "substantial lessening of competition." Joel Bamford, executive director of mergers at the CMA, posted on LinkedIn, "Inflection AI is not a strong competitor to the consumer chatbots that Microsoft has developed directly (Copilot) and in partnership with OpenAI (ChatGPT). On this basis, we cleared the transaction." In March, the tech giant had announced hiring of Inflection AI's key personnel, including co-founders Mustafa Suleyman and Karen Simonyan, as well as a licensing deal for the AI company's intellectual property. The transaction had drawn the attention of the antitrust regulator to ensure that it does not pose any substantial competition concerns within the artificial intelligence market. Currently, Microsoft's stock is trading at $407.83, down 0.39 percent on the Nasdaq. SHARE THIS POST FACEBOOK TWITTER EMAIL COPY LINK MICROSOFT NEWSMORE UK's Antitrust Regulator Clears Microsoft, Inflection AI Partnership RTTNews 1d Microsoft’s Azure Growth and M365 Copilot Potential Reinforce Strong Buy Rating TipRanks 1d Microsoft (MSFT) Stock Moves -1.85%: What You Should Know Zacks 2d Microsoft Confirms That Windows 11's Recall Feature Can't Be Uninstalled RTTNews 2d Here's how the Magnificent 7 fared this earnings season Seeking Alpha 2d Microsoft (MSFT) Gets a Buy from Loop Capital Markets TipRanks 2d Coinbase announces first AI-to-AI crypto transaction Seeking Alpha 5d Reports Find That The Windows Recall Feature Can Be Completely Removed RTTNews 6d Start Trading Futures Your Market View Name Price +/- % Date TSLA 229.72 -0.39 -0.17 Official Close 9/5/2024 AAPL 222.30 -0.10 -0.04 Official Close 9/5/2024 MSFT 408.00 -0.33 -0.08 Official Close 9/5/2024 NFLX 680.50 -3.11 -0.45 Official Close 9/5/2024 SPOT 328.62 -0.58 -0.18 Official Close 9/5/2024 Powered By 10 Drew Brees on Sports Illustrated Tickets Share Next Stay RELATED STOCKS MSFT 407.28 -1.62 (-0.40%) 11:31:44 AM Disclaimer Get real-time MSFT charts here >> Find News News GO Follow us on: See also: Indices * Dow Jones * S&P 500 * Nasdaq 100 * Nasdaq Composite * FTSE 100 * Nikkei 225 * DAX 40 * Hang Seng * Kospi * S&P TSX Composite Index * ASX * US Dollar Index * Stock Indices * Dow Futures * Dow Jones Market Movers Commodities * Gold Price * Oil Price * Silver Price * Copper Price * Cotton Price * Heating Oil Price * Aluminum Price * Natural Gas Price * Realtime Commodity Prices Currencies * EURO DOLLAR * Bitcoin Price * ETH USD * CAD USD * PESO USD * POUND USD * USD INR * Currency Converter * Exchange Rates Stocks * Google Stock * Meta Stock * Amazon Stock * Tesla Stock * Dow-Stock * Premarket * Stock Market News See more - Explore more categories * *© 2024 Insider Inc. and finanzen.net GmbH (Imprint). 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