Microsoft-OpenAI 'bromance' frays as tensions rise over funding, staff clashes, and new AI deals
San Francisco: Sam Altman, co-founder of OpenAI, once described the company's partnership with Microsoft as “the best bromance in tech.” However, this relationship is now strained, as Microsoft appears to be hedging its bets, according to a report by the New York Times.
ChatGPT maker OpenAI secures $6.6 billion funding with investment from Microsoft, Nvidia
California/IBNS: American artificial intelligence (AI) research company OpenAI has secured $6.6 billion in investments, potentially valuing the ChatGPT maker at $157 billion, positioning it among the world’s most valuable private enterprises, Reuters reported.
Microsoft India buys plot in Pune's Hinjawadi for Rs 520 cr
Pune: Microsoft Corporation (India) Pvt Ltd, the Indian arm of the software giant, has acquired a 16.4-acre land parcel in Pune's tech-centric Hinjawadi suburb for approximately Rs 520 crore, according to documents reviewed by Square Yards, media reports said.
Apple, Nvidia likely to invest in OpenAI's next huge potential funding round: Report
San Francisco/IBNS: American artificial intelligence (AI) start-up OpenAI is gearing up for a significant funding round that could value it at over $100 billion, and two of the biggest US-headquartered global tech companies are in talks to join this investment funding round, reports said.
Infosys set to earn over $100 million in Coca Cola-Microsoft cloud deal
Bengaluru: Infosys is set to earn over $100 million as a key partner in a $1.1 billion cloud migration deal between Coca-Cola and Microsoft, according to an Economic Times report.
Mahindra Group Chairman Anand Mahindra, who is known for his influential presence on the internet, reacted to Microsoft's massive outage that disrupted operations across airlines, banks, and major corporations globally, impacting services from customer communications to financial transactions.
Microsoft quits Sam Altman's OpenAI board amid AI partnerships scrutiny
Washington/IBNS: American tech giant Microsoft has left the board observer seat at OpenAI which has drawn regulatory scrutiny as the former said that it was not necessary as the artificial intelligence (AI) start-up's governance has improved significantly in the past eight months, reports said.
Chipmaker Nvidia is now world's most valuable company
Chipmaking major Nvidia has become the world's most valuable company after its stocks reached all-time high on Tuesday, media reports said.
Three Stocks that Look Attractive in Today's Market Environment
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RoC fines LinkedIn, Satya Nadella and others for companies law violations
New Delhi/IBNS: The Registrar of Companies (RoC) under the Ministry of Corporate Affairs (MCA) on Wednesday (May 22) imposed fines on Microsoft-owned LinkedIn Technology Information Pvt Ltd or LinkedIn India, Microsoft CEO Satya Nadella, LinkedIn CEO Ryan Roslansky and seven other individuals for violation of the significant beneficial owner norms under the companies law, media reports said.
Bengaluru/IBNS: Ola Group's founder and CEO Bhavish Aggarwal said on May 22 that the company has completed the shift of its entire workload to in-house artificial intelligence (AI) firm Krutrim, a week after cutting ties with its cloud service provider Microsoft Azure.
TAC Security appointed as cybersecurity assessor for Microsoft & Meta-led App Defense Alliance
Mumbai: Cybersecurity company TAC Security has been appointed as a key Cyber Security Assessor for the app Defense Alliance (ADA).
Amid global slowdown, large tech companies almost halt hiring in India: Report
Mumbai/IBNS: Large tech companies have nearly stopped hiring new employees amid the global slowdown, media reports said.
US tech majors Apple, and Microsoft ranked most expensive brands worldwide in 2023
US tech giants Apple and Microsoft remain the most expensive brands worldwide, with their brand value standing at $502.7 billion and $316.7 billion, respectively, the Interbrand Best Global Brands 2023 ranking showed on Tuesday.
Five hundred Open AI employees have expressed their intention to join Microsoft if Sam Altman, the former CEO of OpenAI, and Greg Brockman, a co-founder of OpenAI, are not reinstated.