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News on Medial
We don't own any part of OpenAI: Microsoft on UK regulator's probe
Inshorts
·
1y ago
Medial
Microsoft doesn't own any portion of OpenAI and is only entitled to a profit share, a spokesperson said. This comes after UK's antitrust regulator said it'll review Microsoft and OpenAI's partnership. Microsoft President Brad Smith further said the only thing that changed following OpenAI CEO Sam Altman's return is that "Microsoft will now have a non-voting observer on OpenAI's board".
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Related News
Microsoft needs a better seat at OpenAI’s table
Livemint
·
1y ago
Medial
Microsoft played a strategic move in the OpenAI drama but now faces the challenge of solidifying its relationship with the startup while also asserting its own path in the field of artificial intelligence. Despite Wall Street's approval of Microsoft CEO Satya Nadella's handling of the situation, the AI strategy's vulnerability was exposed. Microsoft's close partnership with OpenAI gave it an advantage in generative AI, but without any board seat or power, Microsoft needs OpenAI to thrive. However, there is a risk of overreliance on OpenAI, prompting Microsoft to start hedging its perceived dependence.
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Google asks FTC to break up Microsoft's cloud deal with OpenAI: report
Economic Times
·
7m ago
Medial
Google is reportedly seeking to have the U.S. government intervene and break up Microsoft's exclusive contract hosting OpenAI's technology on its cloud servers. This comes after the U.S. Federal Trade Commission raised concerns about Microsoft's business practices. Competitor tech companies such as Google and Amazon are also interested in hosting OpenAI's models to provide access for their own cloud customers, instead of relying on Microsoft's servers. The report mentions that customers purchasing OpenAI's technology through Microsoft may face additional charges if they don't already use Microsoft servers. Google, Microsoft, OpenAI, and the FTC have not yet provided a comment on the matter.
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X's handling of UK riots could influence EU probe
Economic Times
·
12m ago
Medial
The European Commission is investigating social media platform X for its handling of harmful content in relation to the UK riots. The investigation follows charges issued last month against X, owned by Elon Musk, under the Digital Services Act (DSA). Although the UK is no longer an EU member, any harmful content shared in the country that violates DSA rules and is seen by users in Europe may still be considered a breach of the law. Disinformation and calls to violence have been spreading on social media in the UK following recent incidents. The outcome of the investigation could impact X's proceedings.
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Federal regulators grant antitrust probe into Microsoft, OpenAI and Nvidia
Livemint
·
1y ago
Medial
The US Department of Justice (DOJ) and the Federal Trade Commission (FTC) have reached a deal to investigate Nvidia, OpenAI, and Microsoft over potential antitrust concerns related to their involvement in artificial intelligence (AI). The DOJ will lead the investigation into Nvidia, the leading AI chip manufacturer, while the FTC will focus on OpenAI, in which Microsoft has made significant investments. The agreement reflects the growing regulatory scrutiny around AI technology and its impact on various aspects of society. It follows similar antitrust investigations into major tech companies in the past.
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Good to have multiple players: Zomato CEO Deepinder on Swiggy IPO
Inshorts
·
10m ago
Medial
On being asked about rival firm Swiggy's upcoming IPO, Zomato CEO Deepinder Goyal said it's good for the sector to have multiple companies. "But I do not know anything else, we really focus on our own job. We don't care about anything else," he added during an interview. Swiggy has received SEBI's approval for its IPO to raise $1.25 billion.
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Elon Musk welcomes competition from humanoid robot rivals: 'Bring it on'
Business Insider
·
1y ago
Medial
Elon Musk recently responded to Figure AI's announcement of a collaboration with OpenAI to develop AI-powered machines, stating, "Bring it on." Musk, who is developing his own humanoid robot, Optimus, at Tesla, acknowledges Figure AI and OpenAI as rivals to his own AI ambitions. Musk has previously expressed disdain for OpenAI, filing a lawsuit against the company and alleging that its partnership with Microsoft violates its nonprofit mission. Figure AI has secured funding from Microsoft, NVIDIA, and Jeff Bezos' family office for its robots designed for manufacturing, logistics, and retail purposes.
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'Won't matter if OpenAI disappears', Microsoft CEO Nadella reportedly said on OpenAI crisis
YourStory
·
1y ago
Medial
Microsoft CEO Satya Nadella, during the OpenAI crisis in November last year when its CEO Sam Altman was fired, reportedly said that "it would not matter if OpenAI disappears". "We have all the IP rights and all the capability. We have the people, we have the compute, we have the data, we have everything," Nadella further said, according to reports.
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UK regulator to push for probe into Amazon, Microsoft cloud dominance
Economic Times
·
1y ago
Medial
UK regulator Ofcom will recommend an antitrust investigation into the dominance of Amazon and Microsoft in the country's cloud computing market. The two companies hold a combined market share of 60-70%, while Google, their closest competitor, has around 10%. Ofcom previously considered referring the market for investigation by the Competition and Markets Authority (CMA). The regulator expressed concerns over constraints on customers' ability to use multiple providers and the difficulty for smaller cloud providers to compete with the giants. Amazon, Microsoft, and Ofcom have not yet commented on the matter.
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NFRA imposes penalty on auditors of Coffee Day Enterprises arm
Livemint
·
1y ago
Medial
NFRA imposed a monetary penalty of ₹1 crore on audit firm Sundaresha & Associates and debarred it for four years from being appointed as an auditor or internal auditor of any company, showed the order posted on the regulator's website
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Microsoft offers jobs to OpenAI employees
Hindustan Times
·
1y ago
Medial
Recent reports from insiders of OpenAI is that Microsoft has offered jobs to all OpenAI employees who are willing to join after their lost confidence in their board which fired Sam Altman. This could lead to a free-fall of the hot OpenAI and chat-GPT. Speculations are that Microsoft will launch its own wing to compete with OpenAI's chat-GPT.
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