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Francine McKenna - 4 OpenAI - 3 — - 3 McKenna - 3 Copilot - 2 Sam Altman - 1 Microsoft's - 1 Jeremy Goldman - 1
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Microsoft - 3 SEC - 3 Service - 3 OpenAI - 2 supercomputing - 2 Big Tech - 2 Investors - 1 Apple - 1

Search resuls for: "Francine McKenna"


7 mentions found


☆ Microsoft hints at a big change to its OpenAI investments in a new SEC filing
  + stars: | 2024-10-30 | by ( Ashley Stewart | ) www.businessinsider.com   time to read: +3 min
Microsoft disclosed an equity investment in OpenAI for the first time, SEC filings show. "We have an investment in OpenAI Global, LLC ("OpenAI") and have made total funding commitments of $13 billion," Microsoft wrote in the SEC filing on Wednesday. Related storiesIn a previous SEC filing, Microsoft described the nature of its relationship with OpenAI as a partnership rather than an equity investment. "We have a long-term partnership with OpenAI, a leading AI research and deployment company," Microsoft wrote in its annual SEC filing from late July. In the July filing, Microsoft listed OpenAI as a competitor for the first time.
Persons: OpenAI, —, Francine McKenna, Sam Altman, McKenna, Microsoft's, Copilot Organizations: Microsoft, SEC, Service, OpenAI, supercomputing Locations: OpenAI
☆ Microsoft is still spending massively on AI
  + stars: | 2024-10-30 | by ( Tim Paradis | ) www.businessinsider.com   time to read: +4 min
Investors have been focused on Big Tech AI spending and returns. That's a worry at Microsoft partly because feedback on the company's Copilot AI has been mixed. Others have been concerned that Big Tech spending on artificial intelligence is outpacing results. Goldman said Microsoft has been counting on its AI Copilot and other generative AI efforts at Windows, Edge, and Microsoft 365 to draw enterprise clients. AdvertisementMuch of Microsoft's spending has been going toward data centers, graphics processing units, and other AI projects.
Persons: —, Jeremy Goldman, Goldman, it's, Satya Nadella, Francine McKenna Organizations: Investors, Big Tech, Service, Microsoft, Apple, Windows, Bloomberg Locations: Redmond, Washington, OpenAI
☆ Microsoft discloses equity investment in OpenAI for the first time, SEC filing shows
  + stars: | 2024-10-30 | by ( Ashley Stewart | ) www.businessinsider.com   time to read: +4 min
Microsoft disclosed equity investment in OpenAI for the first time, SEC filings show. AdvertisementMicrosoft disclosed an equity investment in OpenAI for the first time, according to its latest SEC filings. "We have an investment in OpenAI Global, LLC ("OpenAI") and have made total funding commitments of $13 billion," Microsoft wrote in the SEC filing on Wednesday. In previous SEC filings, Microsoft described the nature of its relationship with OpenAI as a partnership rather than an equity investment. "Going from 'partnership' to 'equity method investment' disclosure, including that losses are being recorded for their share, is a big change," McKenna added.
Persons: OpenAI, —, Francine McKenna, McKenna, Amy Hood, Copilot Organizations: Microsoft, SEC, Service, OpenAI, supercomputing Locations: OpenAI
☆ OpenAI's AI-adjusted earnings numbers have echoes of Groupon and WeWork
  + stars: | 2024-10-11 | by ( Alistair Barr | ) www.businessinsider.com   time to read: +6 min
Is it OK for an AI company to exclude the cost of training its AI models when it reports earnings? Related storiesFor an AI company like OpenAI, training models will be an ongoing process. The world is constantly evolving, and new data is being generated, which will have to be incorporated into AI models' understanding. Let's call it "AI adjusted earnings" for an AI company. They are a private company," McKenna said.
Persons: we've, Francine McKenna, McKenna, OpenAI, It's, Groupon, WeWork Organizations: Google, Facebook, MarketWatch, Revenue, Big Tech, KPMG Consulting, SAP, Oracle, Securities, Exchange Commission, SEC Locations: It's
☆ Great Fraud Reckoning Will Expose Scam Companies, Cause Stock Market Chaos
  + stars: | 2023-01-31 | by ( Linette Lopez | ) www.businessinsider.com   time to read: +12 min
Get ready for what will feel like an inescapable wave of corporate fraud. And as interest rates have risen, the stock market has fallen off — which makes it harder to get dollars by whipping up new investors or offering stock. ​​Despite Scheck's assertion that the risk of a wave of corporate fraud has heightened, he didn't want to speak in historical analogies. Kreuger had managed to hide that he had stretched the company's finances beyond solvency by raising money on the US stock market while it was raging. That may have been enough when the stock market was on a heater and investors were winning, but it's not enough when the stock market is falling, the economy is slowing, and everyone from regulators to lawmakers to kids on TikTok want answers.
☆ Fraud Economy: How Current Economic Trends Lead to More Corporate Scams
  + stars: | 2023-01-31 | by ( Linette Lopez | ) www.businessinsider.com   time to read: +12 min
Get ready for what will feel like an inescapable wave of corporate fraud. And as interest rates have risen, the stock market has fallen off — which makes it harder to get dollars by whipping up new investors or offering stock. ​​Despite Scheck's assertion that the risk of a wave of corporate fraud has heightened, he didn't want to speak in historical analogies. There be icebergsOf course, there's also fraud that goes undetected in times of easy money — companies where the very act of existing means stretching the truth. Kreuger had managed to hide that he had stretched the company's finances beyond solvency by raising money on the US stock market while it was raging.
☆ Macau Under Spotlight Amid U.S. Inspections of China-Based Audits
  + stars: | 2022-11-13 | by ( Mark Maurer | ) www.wsj.com   time to read: +8 min
The PCAOB, which began inspections of China-based audits in September, will decide by year-end whether China is complying with the agreement. “We do not know if these firms, especially in the U.S., have been adequately supervising the Macau firms,” she said. The Macau firms’ work isn’t immune from PCAOB inspection. PwC Macau is a separate legal entity, but it is run as part of the firm’s China operations, a spokesman said. “The China firm is taking responsibility, treating it as a branch office,” Ms. McKenna said.
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