Microsoft (MSFT) won’t face a formal European regulatory investiga✃tion over its partnership with artificial intelligence (AI) startup Inflection AI.

The European Commission, the executive branch of the 澳洲幸运5官方开奖结果体彩网:European Union (EU), announced that seven member nations have withdrawn their initial requests for an 澳洲幸运5官方开奖结果体彩网:antitrust inquiry into the deal. The Commission said because of that, it will make no decision on the matter.

Microsoft in March said that it paid Inflection AI $650 million as part of a licensing fee to resell its technology. In addition, CEO Satya Nadella said that the company had hired two of Inflection's co-founders, Mustafa Suleyman and Karen Simonyan, as well as other employees, to form a new division called Microsoft AI. Nadella said that Microsoft AI would focus on advancing its own AI product, CoPilot, and the firm’s other consumer AI products and research.

That move raised the concerns of antitrust regulators on both sides of the Atlantic. Earlier this month, the UK’s Competition and Markets Authority ruled that the agreement was not a threat to competiti🦋on there. However, U.S. officials are reportedly continuing to look into it. 

Microsoft did not immediately respond to Investopedia's request for comment.

Microsoft's shares, down slightly today, are up about 15% in 2024.