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Microsoft insiders worry the company has become just 'IT for OpenAI'
(www.businessinsider.com)
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this post was submitted on 22 Jun 2024
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No. They are still capable of pressure typical for oligopoly (censoring out mentions of their competition, tactically buying out things which could help that competition and shutting them down, defamation, lobbying for laws directed against their competition).
Unless that happens too fast for them to realize.