Microsoft ditches OpenAI board observer seat amid regulatory scrutiny
The Hindu
Microsoft has ditched its board seat on OpenAI due to regulatory scrutiny in both the EU and the US saying the AI firm seems far more stable now.
Microsoft has ditched its board observer seat at OpenAI that has drawn regulatory scrutiny on both sides of the Atlantic, saying it was not necessary after the AI start-up's governance had improved significantly in the past eight months.
The U.S. tech giant took a non-voting, observer position on OpenAI's board in November last year after OpenAI CEO Sam Altman took back the reins of the company which operates the viral generative AI chatbot ChatGPT.
The seat meant it could attend OpenAI's board meetings and access confidential information but had no voting rights on matters including electing or choosing directors.
The observer seat and Microsoft's more than $10 billion investment in OpenAI have triggered unease among antitrust watchdogs in Europe, Britain and the U.S. over how much control it exerts over OpenAI.
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Microsoft cited OpenAI's new partnerships, innovation and growing customer base since Altman's return to the startup for giving up its observer seat.
"Over the past eight months we have witnessed significant progress by the newly formed board and are confident in the company's direction. Given all of this we no longer believe our limited role as an observer is necessary," it said in a letter to OpenAI dated July 9.
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