08:36 AM EDT, 06/28/2024 (MT Newswires) -- (Updates with reaction from European Commission in the last paragraph.)

Microsoft's ( MSFT ) investment in OpenAI is being eyed by European regulators suspicious the company uses its cloud technology dominance to stymie other competitors, Bloomberg reported Friday, citing unnamed sources.

Microsoft ( MSFT ) has invested $13 billion in OpenAI. The European Union's antitrust regulators seek to quiz rivals of the software firm over whether its exclusive arrangement with OpenAI may hinder competition, Bloomberg reported.

A European Commission spokesperson declined to comment. Microsoft ( MSFT ) and OpenAI did not immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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