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WSJ Tech News Briefing

TNB Tech Minute: Microsoft-OpenAI Partnership Gets U.K. Antitrust Clearance

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 5 March 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus, South Korea’s steel, cars and electronics industries will be impacted by higher U.S. tariffs, according to Moody’s Analytics. And China intensifies efforts for tech independence by developing a system of open-source models. Charlotte Gartenberg hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Americans love using their credit cards, the most secure and hassle-free way to pay.

0:04.0

But DC politicians want to change that with the Durban Marshall Credit Card Bill.

0:08.0

This bill lets corporate megastores pick how your credit card is processed,

0:13.0

allowing them to use untested payment networks that jeopardize your data security and rewards.

0:18.0

Corporate megastores will make more money and you pay the price.

0:22.1

Tell Congress to guard your card because Americans lose when politicians choose. Learn more at

0:28.1

guardyercard.com.

0:31.5

Here's your TNB Tech Minute for Wednesday, March 5th. I'm Charlotte Gartenberg for the Wall Street Journal.

0:37.5

In a victory for Microsoft, UK antitrust officials say they will not launch a formal investigation into the tech giant's ties with chat GPT maker OpenAI.

0:47.1

The Competition and Markets Authority launched a review in December 2023 to determine whether Microsoft's investment in the artificial intelligence

0:55.5

startup should be considered a de facto merger that might stifle competition. Officials have now

1:00.5

concluded this isn't the case. This gives the Microsoft OpenAI partnership antitrust clearance in

1:06.4

the UK as OpenAI prepares to become a for-profit corporation.

1:10.9

Microsoft has invested more than $13 billion in Open AI since 2019.

1:16.6

South Korea's steel cars and electronics industries are among those that will be impacted by higher U.S. tariffs.

1:23.6

That's according to a Moody's Analytics associate economist Danny Kim.

1:27.7

The U.S. is set to impose separate 25% tariffs on steel and aluminum imports later this month.

1:34.1

South Korea is the fourth largest steel exporter to the U.S.

1:38.1

Kim also noted that tit-for-tatif increases between the U.S. and its trading partners will weaken global demand.

1:45.0

And Beijing is ramping up its efforts for tech independence as AI has become the latest technology

1:51.0

battleground between the U.S. and China.

1:53.5

In his speech to the country's lawmakers today, the Chinese premier said AI would be key to boosting

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