12:24 PM EDT, 04/17/2024 (MT Newswires) -- European regulators do not plan to conduct a formal probe of Microsoft's ( MSFT ) $13 billion investment in OpenAI, Bloomberg reported Wednesday, citing people familiar with the matter, citing people familiar with the matter.

The European Commission is passing off on a formal investigation because Microsoft's ( MSFT ) investment falls short of a takeover of the artificial intelligence startup, the report said, citing the people.

Microsoft ( MSFT ), OpenAI, and the European Commission did not immediately respond to requests for comment by MT Newswires.

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