Microsoft's hiring of employees from artificial intelligence startup Inflection has been referred for an initial merger investigation in the U.K.
If it finds reason to investigate further, the Competition and Markets Authority can refer the case for an in-depth investigation, known as a "Phase 2" probe. Mustafa Suleyman, co-founder and chief executive officer of Inflection AI UK Ltd., speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.hiring of certain former employees from artificial intelligence startup Inflection has been referred for an initial merger investigation in the U.K.
Britain's Competition and Markets Authority said Tuesday that the hiring of Mustafa Suleyman, Inflection's co-founder, along with most of the startup's staff, should be assessed to decide whether it constitutes a merger under U.K. rules and therefore could result in less competition within the AI sector.
If it finds reason to investigate further, the CMA can refer the case for an in-depth investigation, known as a "Phase 2" probe. The CMA said it would announce a decision on whether to refer the case for a Phase 2 investigation by Sept. 11.
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Are Semiconductor Stocks Nearing an Inflection Point?Stocks Analysis by Chris Kimble covering: VanEck Semiconductor ETF. Read Chris Kimble's latest article on Investing.com
Bron: Investingcom - 🏆 450. / 53 Lees verder »