#microsoft-investment

[ follow ]
#openai #public-benefit-corporation #elon-musk #corporate-restructuring #openai-recapitalization
#openai
more#openai
fromwww.mercurynews.com
4 months ago

Judge indicates Elon Musk's fraud lawsuit against OpenAI will head to trial

A federal judge on Wednesday indicated a jury will be allowed to decide whether artificial intelligence trailblazer OpenAI hoodwinked its billionaire co-founder Elon Musk during its evolution from a nonprofit research lab into a capitalistic enterprise now valued at $500 billion. Without issuing an official ruling, U.S. District Judge Yvonne Gonzalez Rogers made it clear that she intended to reject OpenAI's motion to dismiss a 17-month-old case that Musk filed against a San Francisco startup that he helped create in 2015.
Artificial intelligence
Artificial intelligence
fromTechCrunch
5 months ago

Microsoft to invest $17.5B in India by 2029 as AI race accelerates | TechCrunch

Microsoft will invest $17.5 billion in India over four years to expand AI, cloud infrastructure, data centers, and skilling programs.
Tech industry
fromBusiness Insider
6 months ago

OpenAI's new agreement with Microsoft gives the AI startup more freedom on its quest to raise billions

OpenAI reorganized so its nonprofit controls a public benefit corporation, positioning the company to attract large investments and giving Microsoft a 27% stake.
#openai-recapitalization
fromFortune
6 months ago
Artificial intelligence

OpenAI completes for-profit restructuring and grants Microsoft a 27% stake in the company | Fortune

fromFortune
6 months ago
Artificial intelligence

OpenAI completes for-profit restructuring and grants Microsoft a 27% stake in the company | Fortune

more#openai-recapitalization
Business
fromwww.theguardian.com
6 months ago

OpenAI completes conversion to for-profit business after lengthy legal saga

OpenAI converted to a for-profit public benefit corporation, reorganized ownership with Microsoft owning ~27% under a $500B valuation, enabling easier capital raises.
Artificial intelligence
fromTheregister
7 months ago

Microsoft and pals announce cash for AI in the UK

Microsoft commits $15 billion to UK cloud and AI infrastructure, planning the country's largest supercomputer with over 23,000 Nvidia GPUs, outpacing Google's datacenter plans.
fromIrish Independent
7 months ago

Trump visit: UK and US strike tech deal as US president arrives for state visit

British Prime Minister Keir Starmer said the agreement represented "a general step change" in Britain's relationship with the US that would deliver "growth, security and opportunity up and down the country". The "tech prosperity deal", announced as Mr Trump arrived in the UK on Tuesday night, will see the UK and US co-operate in areas including artificial intelligence (AI), quantum computing and nuclear power.
UK politics
[ Load more ]