New Delhi, July 17: UK's competition regulator, the Competition and Markets Authority (CMA), has reportedly initiated an antitrust investigation into Microsoft's recent hiring from AI startup, Inflection AI, which has raised concerns and resulted in a formal investigation. Reports suggest that the UK authority is looking into whether Microsoft's hiring from Inflection AI could possibly create unfair competition in the AI industry. The investigation is likely to see if Microsoft's actions do not negatively impact the market, particularly in the rapidly evolving AI sector.

As per a report of Times Now, Microsoft's hiring from AI Startup Inflection raises the UK antitrust probe. The investigation might be focused on Microsoft hiring employees from an AI startup could give them an unfair advantage in the AI field. Microsoft's decision to hire former employees from Inflection AI has led to an investigation in the UK, as per a report of Economic Times. Elon Musk Shifting X and SpaceX Headquarters From California to Austin; Here’s Why.

Reports indicate that, the investigation is mainly looking at Microsoft hiring the co-founder and CEO of Inflection AI, Mustafa Suleyman, as well as a group of important engineers and researchers. UK authorities have until September 11 to decide whether they should continue investigating in more detail or if these hirings are similar to a merger that could result in a significant decrease in competition in the UK's artificial intelligence sector.

As per reports, Microsoft has stood by how it hires new employees, saying that bringing in skilled people helps promote competition and shouldn't be seen as merging with other companies. They are open to working with the CMA on their investigation and hope to sort out the issue quickly. LinkedIn New Feature Update: Microsoft-Owned Professional Networking Platform Launches New Video Experience in India; Check Details.

The CMA has looked into similar mergers before. As per reports, in the US, three Senators have asked antitrust officials to look into Amazon's deal with Adept, a company from San Francisco. The deal would see Adept's CEO and key employees moving to Amazon and giving Amazon access to Adept's AI technology and data.

(The above story first appeared on LatestLY on Jul 17, 2024 12:01 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).