UK competition officials launch merger probe of Microsoft, Inflection AI deal

UK antitrust regulators today announced the beginning of a merger inquiry into Microsoft's cash deal with startup Inflection AI, which included poaching employees.stems from the hiring of Inflection AI cofounders Mustafa Suleyman and Karén Simonyan, along with"several members" of the Inflection team, whoof mistreating subordinates at previous positions, now serves as CEO of Microsoft's AI division, while Simonyan is the group's chief scientist.

The Phase One merger inquiry that launched today will last until September 11, by which point the CMA is scheduled to determine whether to forward the case along for a more in-depth"phase 2" investigation. "We will make sure these practices don't slip through our merger control rules if they basically lead to a concentration," Vestager said at the time.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia overtakes Microsoft to become world's most valuable public companyA so-called stock split has been credited with driving the chipmaker's value further into the stratosphere, 12 days after it claimed the number two spot from Apple.
Source: SkyNews - 🏆 35. / 67 Read more »

Nvidia beats Microsoft to become world's most valuable companyThe stock ended the trading day at nearly $136, up 3.5%, making it more valuable than Microsoft.
Source: BBCTech - 🏆 81. / 55 Read more »

Nvidia vaults past Apple and Microsoft to become world’s most valuable companyLandmark moment for US chipmaker caps explosive rally fuelled by investor excitement over artificial intelligence
Source: FT - 🏆 113. / 51 Read more »