CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CryptoIntelligence 2024-07-11 09:04:00

Microsoft and Apple Withdraw from OpenAI Board Amid Regulatory Scrutiny

Technology giants Microsoft and Apple have decided not to join the board of artificial intelligence firm OpenAI due to increasing regulatory scrutiny. On July 10, Bloomberg reported that Microsoft had sent a letter to OpenAI announcing its decision to withdraw from the board. This move came about a year after Microsoft made a substantial $13 billion investment in OpenAI in April 2023. Following Microsoft’s departure, OpenAI will have no board observers. In its memo to OpenAI, Microsoft stated, “Over the past eight months we have witnessed significant progress from the newly formed board and are confident in the company’s direction,”

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.