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OpenAI Raises Competition Concerns with EU Regulators

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OpenAI has voiced its concerns to EU antitrust authorities regarding competition in the AI sector, particularly focusing on Alphabet’s Google. In a meeting with EU antitrust chief Teresa Ribera on September 24, OpenAI highlighted the challenges it faces competing against established tech giants and urged regulators to prevent large platforms from locking in users, as reported by Bloomberg News. The European Commission is currently investigating how dominant platforms exploit their market positions within the AI landscape, including scrutinizing specific intercompany agreements. OpenAI, which boasts over 800 million weekly users of ChatGPT, has emerged as the world’s most valuable startup, recently reaching a valuation of $500 billion after a successful secondary share sale. This development underscores the growing significance of AI and the need for regulatory frameworks to ensure fair competition in the market.

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