Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
David Meyer

Big AI's 'reverse acqui-hire' deals get more scrutiny in the U.K. and U.S.

Satya Nadella, chief executive officer of Microsoft Corp., speaks during the company event on AI technologies in Jakarta, Indonesia, on Tuesday, April 30, 2024. (Credit: Dimas Ardian—Bloomberg/Getty Images)

When Microsoft dropped its observer seat on OpenAI’s board last week—and Apple abandoned reported plans to gain such a seat—the uptick in regulatory scrutiny around the AI sector was a clear culprit. And the scope of that scrutiny just widened further.

The U.K.’s antitrust regulator, the Competition and Markets Authority, yesterday gave notice that it’s in the early stages of probing Microsoft’s March hiring of key staff from AI startup Inflection, which came with $650 million in licensing fees for Inflection.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.