Microsoft announces principles to foster innovation, competition in AI

FILE PHOTO: Microsoft logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

BRUSSELS (Reuters) - Microsoft President Brad Smith on Monday announced a set of principles to foster innovation and competition in artificial intelligence in recognition of its role as a market leader in this technology, a move that could stave off worries about its dominance.

The move by the U.S. tech giant came amid concerns from rivals and antitrust regulators about Microsoft's market power, boosted recently by its collaboration with ChatGPT creator OpenAI.