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Microsoft

Microsoft's AI Bet Fuels Chipmaker Surge

Shares of chipmakers surged on Monday following Microsoft's announcement of an $80 billion investment in AI-enabled data centers by fiscal 2025, Reuters reports. This move has fueled optimism about continued strong demand for semiconductors. Micron, a leading memory chip manufacturer, experienced the most significant gains, with a 10.
Microsoft's AI Bet Fuels Chipmaker Surge

Microsoft to Invest $80 Billion in AI Data Centers in Fiscal 2025

An $80 billion investment in data centers is planned by Microsoft for fiscal 2025, Reuters reported, citing a blog post. This massive investment will support the development of AI, specifically for training AI models and deploying related cloud applications, demonstrating the escalating need for computational resources in the AI field.

Microsoft Diversifies Microsoft 365 Copilot AI Power Beyond OpenAI

Microsoft is diversifying the AI models behind its Microsoft 365 Copilot, incorporating internal and third-party options to reduce its reliance on OpenAI, Reuters reported on Monday, citing sources familiar with the matter. The move is intended to manage costs and improve speed for enterprise users. This move signifies a shift
Microsoft Diversifies Microsoft 365 Copilot AI Power Beyond OpenAI

Microsoft Outspends Rivals on Massive Nvidia Chip Purchase

Microsoft has significantly outpaced its tech rivals in its acquisition of Nvidia's advanced AI chips, highlighting the company's substantial investment in artificial intelligence infrastructure, reports the Financial Times. Analysts at Omdia estimate that Microsoft purchased 485,000 of Nvidia's "Hopper" chips this

Nvidia's AI Chip Momentum May Be Cooling, Microsoft CEO Hints

Nvidia's stock is facing growing headwinds as Microsoft CEO Satya Nadella suggested that the frenzied demand for AI chips may be easing, reports Business Insider. The comments, made in an interview with Bill Gurley and Brad Gerstner of the B2 podcast, have intensified a sell-off in Nvidia shares,

ClearBank Expands Reach by Joining Microsoft Azure Marketplace

ClearBank has announced that its cloud-native banking solutions and payment infrastructure are now available on the Microsoft Azure Marketplace, according to Yahoo Finance. This move will allow all Azure customers to access ClearBank's services, representing a significant growth opportunity for the company. "This latest move further strengthens

Musk Expands OpenAI Lawsuit, Adding Microsoft and Antitrust Claims

Elon Musk has significantly broadened his lawsuit against OpenAI, the creator of ChatGPT, adding federal antitrust claims and naming OpenAI's major financial backer, Microsoft, as a co-defendant. Reuters reported that the amended complaint, filed Thursday in a California federal court, alleges that Microsoft and OpenAI engaged in anticompetitive

Microsoft Sees Surge in Azure OpenAI Spending from Adobe, Meta

Microsoft's Azure OpenAI service, which provides access to OpenAI's language models, is experiencing significant growth and diversification of its customer base, as reported by The Verge. While TikTok had previously been the dominant customer, Microsoft has successfully expanded its clientele to include major corporations spending over

Microsoft-Backed Startup Fastino Debuts Task-Optimized Enterprise AI Models That Run on CPUs

Fastino, a San Francisco-based startup, has emerged from stealth mode with a $7 million pre-seed funding round led by Insight Partners and M12, Microsoft’s Venture Fund, reports VentureBeat. The company is developing task-optimized enterprise AI models that offer improved performance at a lower cost, running efficiently on CPUs instead