Microsoft has avoided a full-blown UK investigation into its recruitment of staff from startup Inflection AI. The Competition and Markets Authority (CMA) determined that while the acquisition of certain Inflection assets constituted a merger situation, it wouldn’t significantly impact competition. Microsoft’s acquisition of Inflection staff has been seen as a strategic move to diversify its AI capabilities. Meanwhile, the CMA is conducting separate investigations into Microsoft’s investment in OpenAI and Amazon’s partnership with Anthropic.
Results for: Mergers
Bit Digital’s shares soared in pre-market trading after exceeding sales expectations in the second quarter. Meanwhile, several other companies experienced significant price fluctuations, driven by factors like merger announcements, financial results, and strategic partnerships.