Microsoft's $13 billion investment into ChatGPT-maker OpenAI is set to avoid a formal investigation by European Union merger watchdogs, Bloomberg News reported today.
The European Commission has decided that the tie-up does not merit a formal probe because it falls short of a takeover and that Microsoft does not control the direction of OpenAI, the report said citing people familiar with the matter.
Microsoft, OpenAI and a spokesperson of the European Commission did not immediately respond to Reuters' requests for comments.
