Microsoft expected to invest 13 billion USD in artificial intelligence firm
Britain’s competition authority said on Wednesday that Microsoft’s partnership with OpenAI Inc does not qualify for investigation under the merger provisions of the Enterprise Act 2002.
The Enterprise Act 2002 establishes and provides for the functions of the Office of Fair Trading, the Competition Appeal Tribunal and the Competition Service; to make provision about mergers and market structures and conduct; to amend the constitution and functions of the Competition Commission; to create an offence for those entering into certain anti-competitive agreements; to provide for the disqualification of directors of companies engaging in certain anti-competitive practices; to make other provision about competition law; to amend the law relating to the protection of the collective interests of consumers; to make further provision about the disclosure of information obtained under competition and consumer legislation; to amend the Insolvency Act 1986 and make other provision about insolvency; and for connected purposes.
You can read the act itself. here.
