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Microsoft ditches OpenAI board observer seat amid regulatory scrutiny
iPhone maker Apple had also been expected to take an observer role on OpenAI's board but would not do so, the Financial Times reported, citing a person with direct knowledge of the matter. Apple did not respond to a request for comment.
Edtech consolidation; GenAI chatbot hallucinations
Edtech firm Schoolnet has acquired learning app Genius Teacher for an undisclosed sum. This and more on today’s ETtech Top 5.
Use Ola Maps: Bhavish Aggarwal urges developers to exit Google maps
Bhavish Aggarwal, founder of Ola, has urged developers to transition to Ola Maps in a bold move aimed at challenging Google maps dominance. Aggarwal emphasised the benefits of using Ola Maps over Google maps, highlighting its innovative features and seamless integration capabilities.
Ola has exited Google maps, moved to in-house navigation system: Bhavish Aggarwal
Bhavish Aggarwal, cofounder of Ola Cabs, said the company will now use its in-house navigation system, exiting Google Maps. This comes a month after Ola took its IT workload off Microsoft Azure. The ride-hailing company will add features, including street view, neural radiance fields, indoor images, 3D maps and drone maps to Ola Maps, Aggarwal said in a post on X.
These are the three stocks which may outperform Nvidia by 2030
Analysts have predicted that the dream run of Nvidia may end by 2027 due to various technological developments. There are three other companies that may outperform Nvidia by 2030. Google, Microsoft and Apple are three leading companies that may peak by 2030. They are actively promoting their AI related products and services.
In depth: AI builds a bridge to the last mile
Kishan Pal, a 43-year-old farmer from Bijnor district in Uttar Pradesh, uses AI-based voice payments to instantly send money to his mother, Savitri, in Ballia, UP.
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Apple to ‘pay’ OpenAI for ChatGPT through distribution, not cash
Left unanswered on Monday: which company is paying the other as part of a tight collaboration that has potentially lasting monetary benefits for both. But, according to people briefed on the matter, the partnership isn’t expected to generate meaningful revenue for either party — at least at the outset.
Oracle gains as cloud infrastructure business gets AI boost
If the gains hold, the company will add about $30 billion to its market valuation of $340 billion as of Tuesday market close. The shares have so far this year gained 18%.
Oracle gains as cloud infrastructure business gets AI boost
Oracle shares surged 9% on Wednesday due to high demand for its cost-effective cloud services for AI applications, potentially adding $28 billion to its $340 billion market value. The company's cloud unit aims to grow by offering affordable cloud computing and storage, competing with Google and Microsoft.
Microsoft to lay off about 1,500 employees at Azure cloud unit: report
Microsoft is cutting hundreds of jobs at its Azure cloud unit, impacting teams like Azure for Operators and Mission Engineering, as reported by Business Insider.
UK's competition watchdog rejects probe into Microsoft-Mistral AI tie-up
In February, Microsoft invested $16 million in Mistral AI, partnering to make the French start-up's artificial intelligence models available through its Azure platform. It has also invested in ChatGPT owner OpenAI.
Amazon replaces cloud unit chief Adam Selipsky with veteran Matt Garman
Senior Vice President Matt Garman will take on Selipsky's role at AWS, effective June 3, the firm said.
Ola's Bhavish Aggarwal snaps ties with Microsoft Azure in stand against Western tech
Bhavish Aggarwal has criticised LinkedIn for deleting his posts without notification. He also flagged the Microsoft-owned professional networking platform's AI tool for imposing a political ideology on Indian users, emphasising that his opinions cannot be erased. Aggarwal's protests drew support from peers such as Unacademy founder Gaurav Munjal, as well as several other users of LinkedIn.
Microsoft hit with Spanish startups' complaint about cloud practices
The US tech giant ranks second in the cloud computing sector, behind market leader Amazon but is expected to close the gap rapidly as a clutch of generative AI features powered by OpenAI's technology attract business users.
Eye on AI: AI boosts growth for cloud giants, US newspapers sue Microsoft, OpenAI
In the January-toMarch quarter, Amazon’s cloud computing arm Amazon Web Services, Microsoft’s Azure and Google Cloud grew at 17%, 31% and 28%, respectively, the companies reported. Analysts said this was a sign that AI is contributing to the growth and that overall cloud spending is also accelerating, Reuters reported. On the other hand, Meta CEO Mark Zuckerberg in its earnings call emphasised the company’s longterm investment in AI, which led to its shares sinking by 19% on Wednesday, wiping out over $200 billion in market capitalisation.
Axel Springer to migrate some cloud applications to Microsoft's Azure
Axel Springer partners with Microsoft Azure for AI migration, expanding with AI chat experience. Monetizes through Microsoft Advertising. Brands like Politico, Business Insider, Bild, Welt involved. Features AI assistant "Hey_".
OpenAI's Sam Altman pitches ChatGPT Enterprise to large firms, including some Microsoft customers
The roadshow-like events illustrate how the company credited with sparking the explosion of generative artificial intelligence with its consumer offering, is looking to grow new sources of revenue from corporates all over the world - some of it potentially on the home turf of its biggest partner.
Behind the plot to break Nvidia's grip on AI by targeting software
Now a coalition of tech companies that includes Qualcomm , Google and Intel plans to loosen Nvidia's chokehold by going after the chip giant's secret weapon: the software that keeps developers tied to Nvidia chips.
French startup Mistral AI vows to maintain open source
French startup Mistral AI, a rising star in artificial intelligence, pledged Tuesday to maintain open source coding even as it launches into a venture with Microsoft that involves selling some of its software. Mistral Large, which Mistral says is comparable to OpenAI's GPT-4, is now available on Microsoft's platform Azure AI. At the time, Mistral's co-founder Arthur Mensch, told French daily Le Monde that he was not abandoning open source despite selling its software through the US tech giant.
Microsoft's deal with Mistral AI faces EU scrutiny
Throughout negotiations of the AI Act, Mistral lobbied for looser rules for some models, with advocates warning that strict rules risked undermining European companies' ability to compete with big tech.
ETtech Explainer: All you need to know about OpenAI’s rival Mistral AI
Microsoft partners with Mistral AI, enabling Mistral's AI models to run on Microsoft's Azure cloud computing platform. Mistral 8x7B model surpasses GPT 3.5 and Llama 2 on performance benchmarks, reducing deployment costs. Mistral raised $415 million in funding.
Microsoft announces principles to foster innovation, competition in AI
The move by the US tech giant came amid concerns from rivals and antitrust regulators about Microsoft's market power, boosted recently by its collaboration with ChatGPT creator OpenAI.
Microsoft partners with OpenAI's French rival Mistral
The multi-year deal signals Microsoft's efforts to offer a variety of AI models beyond its biggest bet in OpenAI as the tech giant seeks to attract more customers for its Azure cloud services.
Generative AI faces major test as Indonesia holds largest election since boom
The general elections on Feb. 14 in Indonesia, the world's third-largest democracy, offer a glimpse of how generative AI may transform large-scale political campaigning, experts say.
AI chatbot startup LimeChat launches ecommerce chatbot with Microsoft
The company claims that the new bot has high accuracy with an error rate of under 0.1%, adding the technology will enable enhanced, efficient, secure, and personalised customer service experience.
Coforge partners Microsoft Azure OpenAI service for new-gen digital offerings
As part of the collaboration, Coforge will be rolling out specialised workshops, training sessions, and resources to help enterprises understand the benefits of generative AI and successfully implement it in their operations.
Microsoft launches robust AI 'small language model' for researchers
Microsoft has released its newest compact "small language model" titled Phi-2 that continues to perform at par or better than certain larger open-source Llama 2 models with less than 13 billion parameters.
Nvidia upgrades flagship chip to handle bigger AI systems
The H200, as the chip is called, will overtake Nvidia's current top H100 chip. The primary upgrade is more high-bandwidth memory, one of the costliest parts of the chip that defines how much data it can process quickly.
Microsoft plans AI service with Databricks that could hurt OpenAI: report
Microsoft is planning to start selling a new version of Databricks software that helps customers make AI apps for their businesses, The Information reported on Thursday, citing people with direct knowledge of the plan.
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