Activision Blizzard, Microsoft Extend Merger Agreement To October; Activision Declares Dividend

OpenAI Joins IPO Race With Confidential S-1 Filing

OpenAI, the maker of popular chatbot ChatGPT, announced that it has recently filed confidentially with the U.S. Securities and Exchange Commission for potential initial public offering, thus entering the IPO race by major players in the artificial intelligence or AI industry. The firm said it is yet to decide on the timing.

RTTNews | 104 days ago

Microsoft Sets 5-point Plan To Build Community-First AI Infrastructure

Microsoft on Wednesday set out a five-point plan to partner with local communities across the United States to launch a new initiative to build what is called the Community-First AI Infrastructure. The company will build, own, and operate their own datacenters while taking concrete steps needed to be a good neighbor in the communities it operates.

RTTNews | 250 days ago

EU Seeks Public Feedback On Microsoft's Proposed Changes To Teams In Antitrust Probe

The European Commission has invited public response regarding Microsoft Corp.'s offers to address competition concerns related to Teams. In a statement, the EU agency noted that the tech major has offered commitments, among others, to sell its Office product without communication and collaboration product Teams at a lower price than Office with Teams.

RTTNews | 493 days ago

OpenAI Raises $40 Bln In SoftBank-led Funding Round At $300 Bln Post Valuation

OpenAI announced that it has raised around $40 billion in the latest funding round led by Japan's SoftBank, valuing the ChatGPT maker at around $300 billion. OpenAI Chief Executive Sam Altman stated that the investment helps the firm push the frontier and make AI more useful in everyday life.

RTTNews | 538 days ago

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.

RTTNews | 696 days ago

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

RTTNews | 717 days ago

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.

RTTNews | 718 days ago

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...

RTTNews | 718 days ago

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