microsoft
The global tech giant Microsoft announced on Tuesday that it has decided to withdraw from the OpenAI board in a letter to the startup. According to The Financial Times, the letter stated that its resignation was “effective immediately.” It's understood that Microsoft believed that the observer role was causing increased concern among competition regulators. The company said there had been substantial progress in OpenAI’s new board, which was reformed last year after the previous year’s reinstatement of the CEO, Sam Altman. It said OpenAI was headed on the right path as it was dedicated to buil...
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Microsoft has reached a $14.4 million (€13.35 million) settlement to resolve allegations that the software company discriminated against employees based on their leave. If approved by a court, the settlement would resolve a multi-year investigation by the US state of California's Civil Rights Department. The California department alleged that workers who used protected leave faced retaliation such as lower bonuses and unfavourable performance reviews. They also alleged that Microsoft did not take "sufficient action" to prevent this discrimination. Employers are not allowed to interfere with pr...
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The US Center for Investigative Reporting has launched legal proceedings against ChatGPT maker OpenAI and Big Tech giant Microsoft, accusing them of violating copyright laws by using its content to train artificial intelligence (AI) platforms. The non-profit said OpenAI used its content without permission and without offering compensation, violating copyrights on the organisation's journalism. The lawsuit, filed in a New York federal court, describes OpenAI's business as "built on the exploitation of copyrighted works" and focuses on how AI-generated summaries of articles threaten publishers. ...
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Microsoft has breached the EU’s antitrust rules by tying its videoconferencing platform Teams to its Office 365 and Microsoft 365 products, the European Commission said today (25 June). Today's preliminary outcome of an investigation started by the Commission in July last year, suggests that the US tech giant is dominant worldwide in the market for software hosted on cloud infrastructure of the supplier's choice (called software as a service or Saas). By connecting Teams to its core software applications since April 2019, the Commission fears that Microsoft has been restricting competition on ...
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AI continues to revolutionise the way individuals work, freeing up time, automating mundane tasks and improving productivity. However, it cannot replace the originality and creative power of the human mind. This is the message Colette Stallbaumer, GM of Microsoft’s Copilot and co-founder of WorkLab, wants workers to understand. Stallbaumer's message comes in the wake of recent data from a work survey organised by Microsoft and LinkedIn which highlights the surging use of AI in the white-collar workforce. The survey showed that AI is already having a significant impact on how people do their jo...
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Investment banking giant Goldman Sachs has recently raised the S&P 500 index's end-of -year target to 5,600 points. This is mainly due to robust earnings advancements seen by some of the biggest tech companies on the US stock market, as well as increased price-to-earnings ratios. The S&P 500 closed at 5,431.60 points on Friday evening. The biggest tech companies driving this growth are Nvidia, Microsoft, Amazon, Google and Meta Platforms, which now make up approximately 25% of the S&P 500's value. Along with Tesla and Apple, these groups make up the Magnificent Seven tech stocks. In a note sen...
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Europe lacks the data centres to train artificial intelligence models that match the current demand, an official from French AI company MistralAI warned today (14 June). “We are reaching the capacity; we need to build datacentres and ensure there is enough electricity for the scale of AI development today. There is a huge amount of work to be done,” Audrey Herblin-Stoop, Head of Public Affairs at MistralAI said at a conference organised by the European Court of Auditors (ECA). MistralAI, which was founded a year ago, used supercomputer facilities opened by the European Commission to train its ...
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Microsoft is pulling back a new controversial feature, which privacy experts have criticised, that was set to be included in its new line of artificial intelligence (AI) PCs. The Recall feature can take screenshots of everything you do on the laptop. Like many other devices, it can search through files, emails, and photos, but the fact that it can make a copy of it has raised concerns. The UK data watchdog authority said at the end of May it was making enquiries into Microsoft. The tech giant, which has invested billions in AI partnerships, such as with ChatGPT maker OpenAI, is planning to lau...
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On Sunday, Microsoft held its Games Showcase 2024, where the company launched a new version of the all-digital Xbox Series S, as well as announced that the upcoming versions of the Xbox Series X consoles would be going digital as well. Both these console versions are expected to launch towards the end of this year, in time for the holiday season and Christmas gift market. The company also announced a special edition of the Series X console with increased storage of approximately 2 terabytes (TB), for more serious and professional gamers. Along with these, Xbox also revealed their upcoming game...
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The US earnings season is set to conclude with Nvidia's quarterly results, which will be pivotal for the enthusiasm surrounding artificial intelligence (AI) stocks. The company will report its first-quarter earnings for the fiscal year 2025 after the US market closes on 22 May. Nvidia has benefited the most from the AI boom, becoming the world's third-largest company by market capitalisation, following Microsoft and Apple. The company's share price has more than doubled in one year and surged an impressive 92% year to date in 2024. Since the second quarter of 2023, the AI chip maker's revenue ...
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