U.K's CMA Opens Probes Against Microsoft's Hiring Of Former Inflection AI Employees
(RTTNews) - The United Kingdom's Competition and Markets Authority or CMA, announced Tuesday that it has opened an investigation against Microsoft Corp.'s (MSFT) hiring of certain former employees of Inflection AI, Inc. and its entry into associated arrangements with Inflection.
The CMA is considering whether it is or may be the case that Microsoft's hiring of certain former employees of Inflection and its entry into associated arrangements with Inflection has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002.
If so, the CMA is looking at whether the creation of this situation has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the U.K. for goods or services.
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Microsoft CEO Satya Nadella Gets $79.1 Mln Pay In 2024, Up 63%
Microsoft Corp.'s Chairman and Chief Executive Officer Satya Nadella received a pay raise of around 63% in fiscal 2024, with most of the package being in the shares of the tech major. Meanwhile, the cash incentive was more than 50 percent lower than Nadella would have been awarded, following his request for a reduction amid recent security issues.
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OpenAI Unveils Canvas ChatGPT Interface To Write And Code
OpenAI, the maker of popular chatbot ChatGPT, announced the launch of canvas, a new interface for working with ChatGPT on writing and coding projects, more than the simple chat. Canvas, the new way to interact with ChatGPT, opens in a separate window, allowing the users and ChatGPT to collaborate on a project. According to the firm, Canvas is a new approach and the first major update to ChatGPT's
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Microsoft To Invest EUR 4.3 Bln In Italy To Boost AI, Cloud
Microsoft Corp. will be investing 4.3 billion euros in Italy in the next two years, aiming to expand the country's hyperscale cloud and artificial intelligence or AI datacenter infrastructure. In its largest investment in Italy to date, the tech giant said it will also provide digital skills training to more than 1 million Italians by the end of 2025.
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OpenAI Raises $6.6 Bln In Funding With $157 Bln Valuation
Chatbot ChatGPT maker OpenAI has raised $6.6 billion in its new funding round to accelerate its efforts in the artificial general intelligence or AGI for humanity's benefit, reaching post-money valuation at $157 billion. In a blog post, the Microsoft-backed AI startup noted that the new funding would allow it to double down on its leadership in frontier AI research, increase compute capacity...
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OpenAI To Restructure Non-profit Control, Give CEO Sam Altman Equity; CTO Resigns
Chatbot ChatGPT maker OpenAI, which was founded as a non-profit to build safe and beneficial artificial general intelligence or AGI for the benefit of humanity, is considering plans to restructure its core business to become a for-profit benefit business, aiming to attract more investors, reports said citing sources familiar with the matter. Co-founder and Chief executive Sam Altman will also...
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CrowdStrike Says Significant Number Of Impacted Windows Devices Back In Operation; Stock Down
CrowdStrike Holdings, Inc., the cybersecurity firm behind the 'largest IT outage in history' is continuing with its downward stock movement, even after the firm informed that a significant number of the impacted Microsoft Windows devices are back online and operational. The faulty software update had knocked out around 8.5 million computers globally and resulted in chaos in many major sectors incl
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Microsoft, Crowdstrike Stocks Hit On Windows Outage; Crowdstrike Says Fix Deployed
Shares of tech major Microsoft Corp. were losing around 2 percent and cybersecurity company Crowdstrike were down 13 percent in the pre-market trading on the Nasdaq following global outage that hit millions around the world. Microsoft Windows users across the world are facing severe outage as they get the Blue Screen of Death or BSOD error, which causes the system to suddenly shut down or restart.
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Microsoft, Apple Give Up OpenAI Board Seats
Tech majors Microsoft Corp. and Apple Inc. are dropping out of their respective seats on the Board of Directors of AI startup OpenAI, the developer of generative chatbot ChatGPT, amid the increasing regulatory scrutiny in Europe and the U.S. over generative AI, as per reports. Microsoft, OpenAI's largest investor, has quit as an observer on OpenAI's nonprofit board, a non-voting seat...
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