00:00 It's Benzinga and here's what's on the block.
00:02 The European Commission has launched a probe into the markets for virtual worlds and generative AI
00:07 technologies. As part of this, the Commission is examining agreements between large tech firms and
00:12 generative AI developers, including Microsoft's investment in OpenAI. Microsoft has invested
00:19 billions in OpenAI, including integrating some of its technologies in a partnership
00:24 some see as giving Microsoft influence. OpenAI remains independent but Microsoft has an observer
00:30 on its board, fueling worries over control. The probes aim to ensure these emerging markets stay
00:35 competitive and that deals don't restrict businesses' growth or consumer choice in the EU.
00:40 For all things money, visit Benzinga.com
