Microsoft's hiring of Inflection AI co-founder, other employees triggers probe in the UK

Why CMA is investigating Microsoft-Inflection AI dealWhat Microsoft has to sayMicrosoft , in March, acquired Inflection AI and hired its staff to join its new AI division. Now, Britain's competition regulator has started a formal investigation (phase 1) into the tech giant’s partnership with the startup under merger rules.“The Competition and Markets Authority ( CMA ) is considering whether it is or may be the case that Microsoft Corporation’s hiring of certain former employees of Inflection and its entry into associated arrangements with Inflection has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002,” the regulator announced on Tuesday (July 16).The CMA has set September 11 as the deadline to decide whether the investigation will progress into a second phase. If it happens, this may lead to an antitrust battle, presenting a stumbling block for Microsoft’s AI plans.In March, the tech giant hired Mustafa Suleyman , co-founder of Google DeepMind, as head of its newly-created AI unit. Along with Suleyman, Microsoft also hired a number of employees from Inflection as a part of the deal which is reported to have cost the Windows-maker $650 million.The CMA said it will find whether the creation of merger has resulted, or may be expected to result, “in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.”Previously, the CMA also signalled interest in Microsoft’s Mistral AI partnership but later decided that it didn’t qualify for further probe. Microsoft already faced questions over its partnerships with ChatGPT-maker OpenAI.Responding to the UK Competition and Markets Authority's (CMA) investigation, a Microsoft spokesperson told news agency Reuters: “We are confident that the hiring of talent promotes competition and should not be treated as a merger.”“We will provide the UK Competition and Markets Authority with the information it needs to complete its enquiries expeditiously,” the spokesperson added.The CMA has also sought views on partnerships between Amazon and Anthropic.

Source:The Times

July 16, 2024 21:33 UTC


2024 United Kingdom elections: What do the exit polls say

(With inputs from agencies)NEW DELHI: Keir Starmer's Labour Party is poised to win a historic victory in the UK general election, ending 14 years of Conservative rule , according to exit polls released shortly after voting ended on Thursday.Labour is projected to secure 410 seats in the 650-seat parliament, while Rishi Sunak 's Conservatives are forecast to win only 131 seats, down from 346 previously.The Liberal Democrats are predicted to capture 61 seats, and Nigel Farage's Reform UK party is expected to win 13 seats. The exit poll represents a significant turnaround for Labour, which faced an existential crisis just three years ago.Voters appear to have punished the Conservatives for the cost-of-living crisis, years of instability, and in-fighting that has seen five different prime ministers since 2016. Sunak's campaign was plagued by gaffes, including getting drenched by rain while announcing the election and leaving D-Day commemorations early for a TV interview.While polls suggest there is no great enthusiasm for Starmer, his message of change seems to have resonated with voters. The disenchanted British public has moved to the center-left, unlike in France where the far-right National Rally party made historic gains in a recent election.If the exit poll proves accurate, Starmer will become Britain's next prime minister, and Sunak will resign, meeting with King Charles to seek permission to form a new government.

Source:The Times

July 05, 2024 06:36 UTC


UK: First vote is in, Houghton&Sunderland-south

First vote is in, Houghton&Sunderland-southLabour 47Reform 29So, the conservatives are practically extinct like the dinosaurs. So Sunak didn’t survive Farage’s approach, he did not find the answers fast enough. ​​Vote share so far: Lab48.3% Reform28% Conservative14.5% Liberal Democrat4.6% GreenGreen4.6%www.theguardian.com/…Swindon South is a Labour gain from ToriesHeidi Alexander (LAB) 48,4 (+8,4)Washington & Gateshead South - Labour HOLDGateshead Central and Whickham - Labour HOLDCramlington and Killingworth - Labour HOLDSouth Shields LAB hold​​Harrogate and Knaresborough Lib Dem winLab gain from Con Stroud — Lab Simon Opher 25,630 46.4 (+4.8) Nuneaton gone to Labour Darlington Lab Lola McEvoy 16,621 39.2 (+0.3)Telford Lab Shaun Davies 18,212 44.7 (+10.4)Knowsley Lab Anneliese Midgley 24,243 67.3 (-12.4)Eastleigh Lib Dem Liz Jarvis 15,970 34.4 (0)Barnsley North lab Dan Jarvis 18,610 50.4 (+11.9)Lab gain from Con-Swindon North-Will Stone-17,930-40.6 (+10.1)Leeds West and Pudsey-lab-Rachel Reeves-18,976-49.3 (+0.9)Battersea-lab-Marsha de Cordova-22,983-48.8 (+2.5)Lab hold-Widnes and Halewood-Derek Twigg-23,484 -61.6 (-4.8)Lab gain from Con-Bridgend-Chris Elmore-16,516 -39.9 (+1.4)Lab gain from Con-Cannock Chase-Josh Newbury-15,671-36.5 (+11.1)Lab gain from Con-Blackpool South-Chris Webb-16,916-48.1 (+8)Reform gain from Con-Ashfield-Lee Anderson-17,062-42.8 (-)Lab gain from Con-Leigh and Atherton-Jo Platt-19,971-48.5 (+5.3)Lab gain from Con-Whitehaven and Workington-Josh MacAlister-22,173-52.9 (+8.8)Lab hold-Norwich South-Clive Lewis-21,484-47.6 (-5.9)Lab gain from Con-Redcar-Anna Turley-15,663-41 (+4.4)Lab hold-Putney-Fleur Anderson-20,952 -49 (+4.7)Lab gain from Con-Vale of Glamorgan-Kanishka Narayan-17,740 -38.7 (-5.2)Lab hold-Runcorn and Helsby-Mike Amesbury-22,358-52.9 (+4.2)Lab hold-Bootle-Peter Dowd-26,729-68.8 (-10.7)Lab gain from Con-Rushcliffe-James Naish-25,291 -43.8 (+8.8)Lab hold-Reading Central-Matt Rodda-21,598-47.7 (-4.9)lab gain from Con-Erewash-Adam Thompson-17,224 -40.1 (+5.3)Lab gain from Con-Wrexham-Andrew Ranger-15,836 -39.2 (+1)Lab gain from Con-Tipton and Wednesbury-Antonia Bance-11,755-36.9 (-1.5)Lab gain from SNP-Kilmarnock and Loudoun-Lillian Jones-19,055 -44.9 (+26)Lib Dem hold-Kingston and Surbiton-Ed Davey-25,870-51.1 (-1.6)www.n-tv.de/...www.telegraph.co.uk/...

July 05, 2024 04:48 UTC


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