After investing $13 billion in OpenAI in 2023, Microsoft is distancing itself from the AI startup amid growing regulatory scrutiny. Technology giants Microsoft and Apple have reportedly decided not to take up board seats at OpenAI due to the increasing pressure from regulators.
According to a Bloomberg report on July 10, citing an anonymous source, Microsoft has officially informed OpenAI of its decision to withdraw from the board. This move follows Microsoft’s significant $13 billion investment in OpenAI in April 2023.
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. We no longer believe our limited role as an observer is necessary.”
Contrary to recent reports suggesting that Apple would assume an observer role on OpenAI’s board following a landmark agreement in June, the company has announced that it will not have any board observers after Microsoft’s departure.
“We appreciate Microsoft’s confidence in our board and the company’s direction, and we look forward to continuing our successful partnership,” OpenAI stated.
The post OpenAI Board Sees Departure of Microsoft and Apple appeared first on Baffic.
