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☆ Microsoft CFO says OpenAI investment will cut into profit this quarter
▼ + stars: | 2024-10-30 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft 's massive investment in OpenAI is weighing on earnings. The accounting approach refers to a company's share of the invested company's profit or loss in a given period, a Microsoft spokesperson said. The OpenAI investment disclosure was new for Microsoft, but the company has registered over $2.3 billion in other expense in the past four quarters. On the earnings call, Microsoft CEO Satya Nadella said the collaboration with OpenAI has benefited both parties and that the company feels good about "our investment stake in OpenAI." WATCH: Oppenheimer downgrades Microsoft: OpenAI losses are not properly priced in

Persons: Satya Nadella, Sam Altman, Amy Hood, OpenAI, Hood, Microsoft's, OpenAI's, OpenAI didn't, Oppenheimer Organizations: Microsoft, Google, OpenAI Locations: San Francisco, OpenAI

☆ Microsoft's cloud is 'no-brainer' for some AI startups, helping Azure gain ground on AWS
▼ + stars: | 2024-08-02 | by ( Jordan Novet | ) www.cnbc.com time to read: +10 min

However, after EzDubs went through the Y Combinator startup program last year, the company made a quick pivot, adding Microsoft's cloud into the mix. That's because EzDubs' founders learned of a partnership that enabled Y Combinator companies to receive $350,000 worth of credits on Microsoft Azure. The current offer includes $350,000 in AWS credits, plus $300,000 reserved for tapping the custom silicon, the spokesperson said. A spokesperson later said 58% of Y Combinator startups had taken up Microsoft's credit offer, a figure that doesn't reflect actual Azure usage. "Leading AI startups use OpenAI to power their AI solutions, therefore, making them Azure customers as well."

Persons: Amrutavarsh Kinagi, Kareem Nassar, Padmanabhan Krishnamurthy, EzDubs, Krishnamurthy, Y, Annie Pearl, it's, Satya Nadella, Sam Altman, Hayden, CNBC InKeep, OpenAI, Nick Gomez, InKeep's, InKeep, Gomez, CNBC's Andrew Ross Sorkin, Prady Modukuru, Modukuru, Anthropic, Daksh Gupta, Gupta, Nassar Organizations: Google, Microsoft, CNBC, Amazon, Services, Alchemist, AWS, Hayden Field, Sync Labs, Sync, OpenAI Locations: Palo Alto , California, OpenAI's, San Francisco

☆ Microsoft says OpenAI is now a competitor in AI and search
▼ + stars: | 2024-07-31 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Microsoft CEO Satya Nadella, right, greets OpenAI CEO Sam Altman during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. In the filing, Microsoft identified OpenAI, the creator of the ChatGPT chatbot, as a competitor in AI offerings and in search and news advertising. Microsoft CEO Satya Nadella reportedly wasn't briefed before OpenAI's board pushed out CEO Sam Altman in November. Suleyman, who had co-founded and led startup Inflection AI, was named CEO of a new unit called Microsoft AI, and several Inflection employees joined him. WATCH: OpenAI announces a search engine called SearchGPT

Persons: Satya Nadella, Sam Altman, OpenAI, It's, it's, wasn't, Altman, Nadella, Mustafa Suleyman, Suleyman, Sam Organizations: Microsoft, Apple, Google, Meta, OpenAI, Bing, CNBC, New York Times Locations: San Francisco, OpenAI

☆ Microsoft's decision to give up OpenAI board observer seat doesn't quell key concerns
▼ + stars: | 2024-07-11 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

Microsoft CEO Satya Nadella (R) speaks as OpenAI CEO Sam Altman (L) looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Microsoft has given up its observer seat on OpenAI's board. Apple , which was reportedly expected to take a similar observer position, will no longer pursue one, according to the Financial Times. "The timing of this move matters," Kak wrote in a message to CNBC. Kak told CNBC that regulators' pursuits are helping to get answers and deliver transparency.

Persons: Satya Nadella, Sam Altman, aren't, Amba Kak, Kak, Lina Khan Organizations: Microsoft, Apple, Financial Times, CNBC, Federal Trade Commission, FTC, Justice Department, Nvidia Locations: San Francisco

"We're like the engine room of the company," Hassabis told CNBC, speaking about his newly integrated AI unit within Google. Last month, Alphabet CEO Sundar Pichai merged Hassabis' DeepMind with Google Brain, a separate AI team, and selected Hassabis to lead the group. DeepMind CEO Demis Hassabis at a 2017 event in China. During his career at DeepMind and then at Google, Hassabis dominated the field of AI. Microsoft CEO Satya Nadella (R) speaks as OpenAI CEO Sam Altman (L) looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023.

Persons: He's, Hassabis, Sundar Pichai, It's, Demis Hassabis, Geoffrey Hinton, Hinton, DeepMind, Elon Musk, OpenAI, Satya Nadella, Sam Altman, Justin Sullivan, Critics, they've, ChatGPT, AlphaFold, Eli Lilly Organizations: Google, CNBC, Microsoft, Elixir Studios, Hassabis, Washington Post, Employees, Novartis, TED Locations: China, DeepMind, San Francisco, ChatGPT, LLMs

☆ AI engineers report burnout, rushed rollouts as 'rat race' to stay competitive hits tech industry
▼ + stars: | 2024-05-03 | by ( Hayden Field | ) www.cnbc.com time to read: +16 min

The AI engineer bailed on his friends, who had traveled from the East Coast to the Seattle area. watch nowThis is the dark underbelly of the generative AI gold rush. Last year marked the beginning of the generative AI boom, following the debut of OpenAI's ChatGPT near the end of 2022. Justin Sullivan | Getty ImagesAn AI engineer at Microsoft said the company is engaged in an "AI rat race." The Microsoft AI engineer said a lot of tasks are about "trying to create AI hype" with no practical use.

Persons: Sebastien Bozon, Jensen Huang, Tech's, Amy Hood, Mark Zuckerberg, Zuckerberg, Andy Jassy, Jassy, they're, Eric Gu, “, Gu, Satya Nadella, Sam Altman, Justin Sullivan, there's, Morry, Kolman, doesn't, Sundar Pichai, Bard, There's, That's, beholden, Ayodele Odubela, ", it’s, Adam Selipsky, Anthropic, Dario Amodei, Noah Berger, Odubela, Gemini Organizations: Google, Apple, Facebook, Microsoft, AFP, Getty, Amazon, CNBC, Big Tech, Nvidia, Google . Engineers, Tech, Vision, Cloud Next, Web, Amazon Web Locations: Mulhouse, France, East Coast, Seattle, ChatGPT, San Francisco, Vegas, Las Vegas, German

☆ Tech's earnings bonanza this week shines spotlight on growing troubles at Tesla, Google
▼ + stars: | 2024-04-22 | by ( Hayden Field | ) www.cnbc.com time to read: +10 min

Justin Sullivan | Getty ImagesAs tech's behemoths get set to report earnings this week, they do so facing a mountain of drama. Tesla kicks off tech earnings season after the close of trading on Tuesday, with shares of the electric vehicle maker trading at their lowest since January 2023. When it comes to AI, Meta debuted its assistant — Meta AI — on WhatsApp, Instagram, Facebook and Messenger last week. Loren Elliott | Bloomberg | Getty ImagesOn a busy Thursday for tech earnings, Alphabet is likely to capture the most attention. On Thursday, Alphabet CEO Sundar Pichai announced a consolidation of the company's AI teams, including responsible AI and related research teams, under the Google DeepMind umbrella.

Persons: Sundar Pichai, Justin Sullivan, tech's behemoths, Tesla, Microsoft's, Lip, CNBC's, we've, Brandon Bell, Drew Baglino, Rohan Patel, Musk, John Murphy, Meta, Mark Zuckerberg, Wall, OpenAI's ChatGPT, Joe Biden, Republican Donald Trump, Loren Elliott, Ruth Porat, Thomas Kurian's, livestreamed, Pichai, that's, Satya Nadella, Sam Altman, Altman, OpenAI, chatbot, MSFT Organizations: Inc, Government, Society, Google, Big Tech, Nvidia, BakerAvenue Wealth Management, Tech, Meta, Microsoft, Getty, Elon Musk's EV, Bank of America, Reality Labs, Facebook, Republican, Bloomberg, CNBC, Google Cloud, Union, Apple, Guggenheim Locations: Stanford , California, Austin , Texas, New York, Sunnyvale , California, Sunnyvale, Seattle, San Francisco , California, OpenAI, Mistral, U.S

☆ AI is threatening Americans’ jobs. Could guaranteed income provide a safety net?
▼ + stars: | 2024-04-13 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +12 min

That idea of guaranteed income is receiving renewed interest as AI becomes an increasing threat to Americans’ livelihoods. As more Americans’ jobs are increasingly at risk due to the threat of AI, Tubbs and other proponents of guaranteed income say this could be one solution to help provide a safety net and cushion the expected blow AI will have on the labor market. “Then, when we have to deal with that job displacement, we’re better positioned to do so.”Silicon Valley’s infatuation with guaranteed incomeThe idea of a guaranteed income is not new. AFP/Getty ImagesDecades after King’s death, the idea of guaranteed income went on to see a resurgence of support emanating out of Silicon Valley. Other tech industry tycoons, including Twitter co-founder Jack Dorsey, have also thrown immense financial support behind guaranteed income programs.

Persons: CNN — Michael Tubbs, Tubbs, ”, “, ” Michael Tubbs, Nick Otto, ” Tubbs, Nathan Frandino, Let’s, Martin Luther King, Jr, I’m, ” King, King, Elon Musk, Mark Zuckerberg, Sam Altman —, Musk, Rishi Sunak, Zuckerberg, ” Altman, Altman, Sam Altman, Justin Sullivan, Elizabeth Rhodes, Jack Dorsey, Dorsey, Ken Paxton, ” Paxton, overreach, ‘ It’s, ’ Tomas Vargas Jr, Vargas, I’ve, that’s, ” Tomas Vargas Jr, Tomas Vargas Jr, ” Vargas Organizations: CNN, Getty, Global, Monetary Fund, Reuters, Stockton, Civil Rights, Washington DC, Elon, “, UK, Harvard, Facebook, YCombinator, Twitter, UPS Locations: Stockton , California, Silicon Valley, Big, America, Stockton, AFP, San Joaquin, U.S, Washington, Alaska, YCombinator, San Francisco , California, United States, Texas, Harris, Harris County

A significant chunk of that money was strategic, in that it came from tech companies rather than venture capitalists or other institutions. The company has refocused much of its product development on generative AI, and its newly rebranded Gemini model, adding features into search, documents, maps and elsewhere. Alphabet and Nvidia are also investors in Runway ML, a generative AI company known for its video-editing and visual effects tools. Microsoft has invested in many of the techniques underpinning generative AI through its Microsoft Research division. Apple researchers recently published details of their work on MM1, a family of small AI models that can take both text and visual input.

Persons: Satya Nadella, Sam Altman, Justin Sullivan, Claude, Fred Havemeyer, Havemeyer, that's, Anthropic, Gemini Ai, Michael M, It's, Amy Hood, dealmaking Daniel Newman, Mustafa Suleyman, Newman, Lina Khan Organizations: Getty, Getty Images Tech, aren't, GPT, Microsoft, Meta, Apple, Nvidia, Google, Web Services, Amazon, Santiago, AMD, Runway ML, Mistral, Big Tech, Microsoft Research, Baidu, Futurum, Anthropic, Federal Trade Commission Locations: San Francisco, Macquarie, Anthropic, New York City, Mistral, U.S, China

☆ Microsoft engineer warns company's AI tool creates violent, sexual images, ignores copyrights
▼ + stars: | 2024-03-06 | by ( Hayden Field | ) www.cnbc.com time to read: +11 min

Jones was noodling with Copilot Designer, the AI image generator that Microsoft debuted in March 2023, powered by OpenAI's technology. "It was an eye-opening moment," Jones, who continues to test the image generator, told CNBC in an interview. watch nowMicrosoft's legal department told Jones to remove his post immediately, he said, and he complied. Jones said the risk "has been known by Microsoft and OpenAI prior to the public release of the AI model last October." "I am certainly convinced that this is not just a copyright character guardrail that's failing, but there's a more substantial guardrail that's failing," Jones told CNBC.

Persons: Jakub Porzycki, Shane Jones, Jones, OpenAI's DALL, Lina Khan, Khan, deepfakes, he's, Satya Nadella, Sam Altman, Justin Sullivan, Darth Vader, Elsa, Mickey Mouse, guardrail that's Organizations: Microsoft, Nurphoto, Copilot, CNBC, Commerce, Science, Transportation, Federal Trade, Google, Getty, pitchfork, Disney, Wars, Palestinian, Israel Defense Forces Locations: Krakow, Poland, Redmond , Washington, San Francisco, hoodies, Gaza

☆ Here's the playbook tech companies like AllTrails, Canva, and Kayak are using to dominate the charts in OpenAI's new GPT Store.
▼ + stars: | 2024-02-20 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +9 min

Its GPT, which generates images from text prompts, is currently ranked second overall on the GPT Store. And all three companies' GPTs have been highlighted at the top of the GPT Store website as "OpenAI's Picks." Advertisement"Sometimes finding trails can be overwhelming because there are so many different places to go," Graham told Business Insider. In addition to GPT Store, companies are thinking more broadly about how AI fits into their business models. "Now we're also investing time in using AI to make our team faster and more efficient, too."

Persons: —, OpenAI, Canva, Anwar Haneef, Matthias Keller, James Graham, Sam Altman, Graham, GPTs, Sam Altman's, Keller, we're, Haneef Organizations: Service, Business, Uber, Sequoia Capital Global, Bessemer Venture Partners, Greenoaks, Booking Holdings, OpenAI, Economic, Canva Locations: Davos, Canva, ChatGPT

☆ What Microsoft’s hack means for its $20 billion cybersecurity franchise and its rivals
▼ + stars: | 2024-01-22 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Microsoft 's hacking disclosure could be a challenge for its $20 billion-a-year cybersecurity franchise but bullish news for fellow portfolio name and rival Palo Alto Networks. Microsoft stock was trading modestly lower Monday but has climbed more than 5% since the start of 2024 following last year's 56% gains. Microsoft's cybersecurity incident doesn't leave us any less bullish on the mega-cap name. While its cybersecurity business pulls in about $20 billion in annual sales, Microsoft's revenue jumped 7% in 2023 to nearly $212 billion. The Securities and Exchange Commission's (SEC) new disclosure rules around cybersecurity attacks could be another catalyst for Palo Alto, Jim added.

Persons: hasn't, Nobelium, Jim Cramer, Jim, Palo, Exchange Commission's, Nikesh Arora, Estee Lauder, Clorox, Okta, Jim Cramer's, Satya Nadella, Justin Sullivan Organizations: Microsoft, Palo Alto Networks, Wall, SolarWinds, Apple, JPMorgan, Securities, Exchange, SEC, Palo Alto, Corporations, Palo, CNBC, MGM Resorts, Caesars Entertainment Locations: Russian, Palo, Palo Alto, Davos, Switzerland, San Francisco

☆ For Microsoft and OpenAI, after a year in the 'hype cycle,' the Copilot corporate spending boom is just getting started
▼ + stars: | 2023-12-20 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +9 min

While another third (32%) said they have not made the spending decision, only 13% said they would not be acquiring similar gen AI capabilities. Microsoft has pointed to customers including Visa, BP, Honda and Pfizer using Copilot, and professional services firm partners on Copilot AI including Accenture, EY, KPMG, and PwC. And even amid the hype, it's important to keep in mind that as gen AI spending grows, it is still dwarfed by companies' cybersecurity budget needs. That means roughly $5 will be spent on security for every dollar spent on gen AI. But it's growing, and for now at least, when it comes to the billions in gen AI spending, Microsoft is in the pole position.

Persons: Dan Ives, Google Bard, Satya Nadella, Sam Altman, Altman, Jason Wong, Wong, Joe Atkinson, That's, Copilot, It's, Gartner, it's, Will, John Lovelock Organizations: Microsoft, Wedbush Securities, " Enterprises, Google, CNBC Technology, Survey, Gartner, Visa, BP, Honda, Pfizer, Accenture, EY, KPMG, CNBC, CNBC TEC, SAP, Adobe, Amazon Web, Meta, SharePoint Locations: San Francisco , California, U.S, Copilot, Salesforce, that's

☆ OpenAI’s wild week explained: How the Sam Altman story unfolded
▼ + stars: | 2023-11-22 | by ( Diksha Madhok | Clare Duffy | ) edition.cnn.com time to read: +7 min

ET, OpenAI publicly announced that it had fired Altman over concerns that he was not always truthful with the board. Sam Altman, left, appears onstage with Microsoft CEO Satya Nadella at OpenAI's first developer conference, on Nov. 6, 2023, in San Francisco. OpenAI’s board was also reportedly having second thoughts and considering asking the ousted CEO to return. Ultimately, Microsoft and Altman appear to be the big winners from the dust-up: Altman will continue leading the firm he helped to found. “We are encouraged by the changes to the OpenAI board,” Nadella said on X.

Persons: Elon, Sam Altman —, —, OpenAI, ChatGPT, Altman, Ilya Sutskever, Greg Brockman, Mira Murati, Altman’s, “, what’s, ” Brockman, Kara Swisher, Sam Altman, Satya Nadella, Barbara Ortutay, Nadella, Brockman, Emmett Shear, Murati, ” Nadella, ”, Justin Sullivan, Bret Taylor, Larry Summers, Adam D’Angelo, Shear, … Organizations: New Delhi CNN, Valley Bank, Google, Microsoft, OpenAI's, Sunday, OpenAI, CNBC, Twitter Locations: New York, New Delhi, OpenAI, San Francisco, San Francisco , California

☆ ChatGPT was Sam Altman's biggest achievement at OpenAI – and probably triggered his downfall
▼ + stars: | 2023-11-20 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Sam Altman was pushed out OpenAI CEO Friday in a move that shocked the tech community. AdvertisementSam Altman is out of OpenAI, the company he cofounded and helped turn into a leading AI lab. AdvertisementBut the launch of ChatGPT – arguably Altman's greatest success at OpenAI – may also have triggered his downfall. Current and former OpenAI employees told The Atlantic that pressure to commercialize ChatGPT created divisions among leadership. AdvertisementFurther product releases including ChatGPT Plus and GPT-4 only served to increase tensions, three people at OpenAI at the time told The Atlantic.

Persons: Sam Altman, it's, Altman, ChatGPT, —, OpenAI, ChatGPT –, Ilya Sutskever, Greg Brockman, Brockman, Sutskever, he's, texted Altman, we've Organizations: Service, Microsoft, ChatGPT, The New York Times Locations: OpenAI, Sutskever

☆ Microsoft CEO reaffirms 'long-term agreement' with OpenAI, but doesn't mention Sam Altman's recent firing in statement
▼ + stars: | 2023-11-18 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

Microsoft CEO Satya Nadella took to X to affirm the company's relationship with OpenAI. AdvertisementMicrosoft CEO Satya Nadella announced Friday that the company will continue working with partner OpenAI, but failed to mention the ousting of the company's CEO Sam Altman earlier in the day. Murati had also affirmed OpenAI's relationship with Microsoft during a company-wide meeting on Friday, The Information reported. Multiple workers at OpenAI and Microsoft also told Business Insider that Altman's ousting left them "completely shocked" at their respective workplaces. "We love you guys," Nadella told Altman.

Persons: Satya Nadella, OpenAI, Sam Altman, —, Nadella, Mira Murati, Murati, Altman, Greg Brockman, Axios, hasn't Organizations: Microsoft, Service, OpenAI Locations: Mira

☆ Here are three key takeaways from Microsoft's bullish AI event
▼ + stars: | 2023-11-17 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

During Microsoft's Ignite conference in Seattle this week, the software giant announced its foray into the AI processor market with two new chips , a deepening partnership with leading AI chipmaker Nvidia (NVDA), additional features for AI assistant 365 Copilot and more. Shares have since notched all-time highs , boosted by startup OpenAI — whose technology powers several of Microsoft's AI offerings — announcing its most powerful tool to date at the start of November. Here are the Club's top-three takeaways from Microsoft's Ignite conference, along with what Wall Street's saying about the event . The chief executive said generative AI could one day be " bigger than the internet, by far ," while announcing joint AI projects with Microsoft. Microsoft stock has been the best."

Persons: Maia, Jeff Marks, Jensen Huang, Jim Cramer, Jefferies, Goldman Sachs, Jim Cramer's, Jim, Satya Nadella, Sam Altman, Justin Sullivan Organizations: Microsoft, Club, Microsoft's Ignite, Nvidia, Foundry Service, CNBC Locations: Seattle, OpenAI, San Francisco , California

☆ ChatGPT Plus subscriptions are being listed on eBay after OpenAI blocked signups
▼ + stars: | 2023-11-16 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

OpenAI boss Sam Altman said on Wednesday that the company would pause new ChatGPT Plus signups. Some users have responded by listing ChatGPT Plus account details on eBay. AdvertisementChatGPT Plus subscriptions are cropping up on eBay after Sam Altman said the company was pausing new signups due to a surge in demand. "We are pausing new ChatGPT Plus sign-ups for a bit," the OpenAI boss said in a post on X . The AI startup has rapidly become one of Silicon Valley's biggest cash cows , thanks to the stratospheric rise of ChatGPT and new paid tiers like ChatGPT Plus, which the company announced in February .

Persons: Sam Altman, Altman, —, OpenAI's, OpenAI Organizations: eBay, Service, Business Locations: San Francisco

☆ Sam Altman just roasted Elon Musk's new 'Grok' AI chatbot, calling it 'cringey boomer humor'
▼ + stars: | 2023-11-10 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +2 min

OpenAI CEO Sam Altman just posted a sick burn on Elon Musk's new AI. "Grok" is xAI's new ChatGPT rival, which puts "humor" into its text output. AdvertisementAdvertisementThe frenemyship between OpenAI CEO Sam Altman and Elon Musk just got a little spicier. GPTs can save a lot of effort: pic.twitter.com/VFIrGzPuMN — Sam Altman (@sama) November 10, 2023Ouch. According to Walter Isaacson's biography of Musk, Musk was upset when OpenAI, under Altman, transitioned away from a pure non-profit and partnered with Microsoft.

Persons: Sam Altman, Altman, Musk, —, Elon Musk, cringey, — Sam Altman, Peter Thiel, Walter Isaacson's, OpenAI's Organizations: Service, Twitter, Microsoft Locations: Elon

☆ Microsoft briefly restricted employee access to OpenAI's ChatGPT, citing security concerns
▼ + stars: | 2023-11-09 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft CEO Satya Nadella speaks during the OpenAI DevDay event on November 06, 2023 in San Francisco, California. OpenAI CEO Sam Altman delivered the keynote address at the first ever Open AI DevDay conference. Having been trained on extensive internet data, ChatGPT composes human-like responses to people's chat messages. Earlier this week, CEO Satya Nadella appeared onstage alongside OpenAI's Sam Altman at the startup's first developer conference. Altman wrote in a post on X late Thursday that, "the rumors that we are blocking microsoft 365 in retaliation are completely unfounded."

Persons: Satya Nadella, Sam Altman, didn't, ChatGPT, OpenAI's Sam Altman, Altman, he's Organizations: Microsoft, CNBC, microsoft Locations: San Francisco , California, OpenAI, Sudan, Israel

☆ Microsoft’s on a tear. Here’s why the stock's run higher is set to continue
▼ + stars: | 2023-11-09 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Microsoft (MSFT) stock notched all-time highs this week, and we expect shares will soar even higher through the end of the year on the back of artificial intelligence. Microsoft stock has been on its longest winning streak in four years, recording nine-consecutive sessions of gains as of Wednesday. MSFT YTD mountain Microsoft (MSFT) year-to-date performance Microsoft at the start of November started officially selling 365 Copilot , an AI add-on for the company's suite of Office applications used by businesses. The Club maintains a $400-per-share price target on Microsoft stock and a 1 rating, meaning we would be buyers at current levels. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: OpenAI, Satya Nadella, Nadella, Piper Sandler, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Microsoft, CNBC Locations: OpenAI, San Francisco

Microsoft CEO Satya Nadella made a surprise appearance at OpenAI's developer conference on Monday with a message: Come build with us. 1 is to build the best system, so that you can build the best models and then make that all available to developers," Nadella told OpenAI CEO Sam Altman, on stage at DevDay in San Francisco. Azure has become Microsoft's key growth engine in recent years and has helped revive the company's brand among developers. Microsoft boasts an exclusive license on OpenAI's GPT-4 large language model that can generate human-like prose in response to a few words of text. Developers who are building on top of OpenAI can look to the Azure Marketplace to "get to market rapidly," Nadella said.

Persons: Satya Nadella, Nadella, Sam Altman, OpenAI, ChatGPT, It's, Altman Organizations: Microsoft, Amazon Web Services, Google, OpenAI's, Street, Windows Locations: DevDay, San Francisco

☆ No one's been this pumped for a keynote since Steve Jobs launched the iPhone
▼ + stars: | 2023-11-06 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

The buzz among developers is reminiscent of the iPhone and App Store launches. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementThe AI developer community is so hyped for an upcoming keynote that it's giving Steve Jobs-launches-the-iPhone energy all over again. ChatGPT developer OpenAI is kicking off its first developer conference in San Francisco on Monday, almost a year after releasing the chatbot publicly for free. Ultimately, the App Store changed software development and became a major revenue spinner for Apple.

Persons: —, Steve Jobs, OpenAI, Sam Altman, NCENOGzcq5, 4EjZo7huFQ, Brian Roemmele, Charley Ma, Yasser Elsaid, Altman Organizations: Service, Apple Locations: San Francisco, OpenAI, ChatGPT

☆ Microsoft-backed OpenAI announces GPT-4 Turbo, its most powerful AI yet
▼ + stars: | 2023-11-06 | by ( Hayden Field | ) www.cnbc.com time to read: +7 min

ChatGPT, which broke records as the fastest-growing consumer app in history months after its launch, now has about 100 million weekly active users, OpenAI said Monday. And when it comes to GPT-5, Altman told reporters, "We want to do it, but we don't have a timeline." GPT-4 Turbo can. While earlier versions limited you to about 3,000 words, the GPT-4 Turbo accepts inputs of up to 300 pages in length. OpenAI said GPT-4 Turbo is available in preview for developers now and will be released to all in the coming weeks.

Persons: Sam Altman, Altman, Justin Sullivan, OpenAI, It's, Mira Murati, Satya Nadella, Nadella, Andreessen Horowitz, GPT, it's, Tony Stark's J.A.R.V.I.S, Pam, Anthropic's Claude, chatbot Organizations: Google, Fortune, Microsoft, Sequoia Capital, Bowl, Marvel, Smart Locations: San Francisco , California, OpenAI

It also touted a new version of its AI model called GPT-4 with vision, or GPT-4V, that enables the chatbot to analyze images. ChatGPT has more than 100 million weekly active users and 2 million developers, spread “entirely by word of mouth," Altman said. The conference comes a week after President Joe Biden signed an executive order that will set some of the first U.S. guardrails on AI technology. The order built on voluntary commitments set by the White House that leading AI developers made earlier this year. OpenAI also faces competition from developers of so-called open source models that publicly release their code and other aspects of the system for free.

Persons: ChatGPT, you’ll, ”, Sam Altman, Altman, Alyssa Hwang, Hwang, ” Hwang, OpenAI, DevDay, Joe Biden, Satya Nadella, Nadella, ” Altman, Microsoft's Bing, Bard, Claude, Tesla, Elon Musk, Musk, “ Elon's, Arun Chandrasekaran, Chandrasekaran, Goldman Sachs, — — O'Brien, — Organizations: FRANCISCO, Apple, Honda, University of Pennsylvania, Microsoft, Google, White, Twitter, ”, Associated Press Locations: OpenAI's, San Francisco, U.S, Providence , Rhode Island

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