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Microsoft, which invested $13 billion in the ChatGPT creator, will withdraw from the board, the company said in a letter to OpenAI, which was seen by Bloomberg News. Apple was due to take up a similar role, but an OpenAI spokesperson said the startup will have no board observers after Microsoft's departure.
Regulators in Europe and the US had expressed concern about Microsoft's sway over OpenAI, applying pressure on one of the world's most valuable companies to show that it's keeping the relationship at arm's length. Microsoft has integrated OpenAI's services into its Windows and Copilot AI platforms and, like other big US tech companies, is banking on the new technology to help drive growth.
"Over the past eight months we have witnessed significant progress from the newly formed board and are confident in the company's direction," Microsoft said. "We no longer believe our limited role as an observer is necessary."
Denne historien er fra July 11, 2024-utgaven av Business Standard.
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Denne historien er fra July 11, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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