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☆ Microsoft's new AI CEO Mustafa Suleyman works closely with these execs, internal tracking tool reveals
▼ + stars: | 2024-06-26 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +4 min

Read previewAn internal Microsoft tracking tool has revealed which executives AI CEO Mustafa Suleyman is working with most during his first few months on the job. Microsoft in March hired Suleyman , the head of startup Inflection AI and a cofounder of AI pioneer DeepMind, to be CEO of a newly formed Microsoft AI group. The organization is responsible for consumer AI products such as Microsoft's Copilot AI chatbot and the Bing search engine. Kevin Scott, Microsoft chief technology officerKevin Scott MicrosoftKevin Scott is Microsoft's chief technology officer and executive vice president of AI. Caitlin McCabe, CEO chief of staffMcCabe is Satya Nadella's chief of staff.

Persons: —, Mustafa Suleyman, Suleyman, Karén Simonyan, Yusuf Mehdi, Microsoft Nick Adams, Reuters Mehdi, Kevin Scott, Kevin Scott Microsoft Kevin Scott, He's, Scott, Kevin, Satya Nadella, Amy Hood, Phillip Faraone, Hood, Rajesh Jha, Jha wasn't, Jha, Caitlin McCabe, McCabe, Satya Nadella's, She's, Nadella, Jon Tinter, Chris Young, Tinter Organizations: Service, Microsoft, Business, Reuters, OpenAI

☆ Top Wall Street analysts recommend these stocks for the long haul
▼ + stars: | 2024-06-23 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Against that uncertain backdrop, Wall Street analysts are focused on identifying stocks with solid fundamentals and strong long-term growth prospects. In that climate, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Finally, Feinseth mentioned Microsoft's strong financial position, which supports enhanced shareholder returns and enables investments in the company's AI ambitions. The company's Zscaler Zero Trust Exchange platform securely connects users, devices and applications by protecting them from cyberattacks and data loss. Following the Zenith Live 2024 event, Baird analyst Shrenik Kothari reaffirmed a buy rating on Zscaler stock with a price target of $260.

Persons: Kevin Scott, TD Cowen, Helane Becker, Becker, TipRanks, OpenAI, Ivan Feinseth, Feinseth, Baird, Shrenik Kothari, Zscaler, Kothari Organizations: Microsoft, Technology, Artificial, Seattle Convention Center, Federal Reserve, Street, Delta Air, Delta Air Lines, DAL, Delta, Activision Blizzard, Zero, Zenith Locations: Seattle, Seattle , Washington, Toronto, Delta

OpenAI CEO Sam Altman (L) speaks with Microsoft Chief Technology Officer and Executive VP of Artificial Intelligence Kevin Scott during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. The Federal Trade Commission and the Justice Department are set to open antitrust investigations into Microsoft , OpenAI and Nvidia , examining the powerful companies' influence on the artificial intelligence industry, a source familiar confirmed to CNBC. The FTC will take the lead on looking into Microsoft and OpenAI, while the DOJ will focus on Nvidia, and the investigations will focus on the companies' conduct, rather than mergers and acquisitions, according to the source. The news also follows the FTC's January decision to conduct an extensive study on AI industry heavyweights, including Amazon , Alphabet , Microsoft, Anthropic and OpenAI. Microsoft and OpenAI did not immediately respond to requests for comment.

Persons: Sam Altman, Kevin Scott, Anthropic, Claude chatbots, that's, Lina Khan, Khan, OpenAI, — CNBC's Eamon Javers Organizations: Microsoft Chief Technology, Artificial, Microsoft, Federal Trade Commission, Justice Department, Nvidia, CNBC, FTC, DOJ, New York Times, Google, Meta Locations: Redmond , Washington

The ousted leader of ChatGPT-maker OpenAI is returning to the company that fired him late last week, the latest in a saga that has shocked the artificial intelligence industry. San Francisco-based OpenAI said in a statement late Tuesday: “We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board" made of former Salesforce co-CEO Bret Taylor, former U.S. Treasury Secretary Larry Summers and Quora CEO Adam D’Angelo. That emboldened a threatened exodus of nearly all of the startup's 770 employees who signed a letter calling for the board's resignation and Altman's return. “We are encouraged by the changes to the OpenAI board,” Nadella posted on X late Tuesday. How many 16-inch pizzas should I order for 778 people,” the person asks, using the number of people who work at OpenAI.

Persons: OpenAI, “, Sam Altman, Bret Taylor, Larry Summers, Adam D’Angelo, D'Angelo, Altman, Greg Brockman, Altman's, Kevin Scott, Satya Nadella, ” Nadella, It's, Nadella, Brockman, ” Brockman, “ It’s, Emmett Shear, ”, ” Shear Organizations: U.S ., Microsoft Locations: San Francisco, OpenAI

☆ Microsoft just shut down 'industrial metaverse' product Project Airsim, and laid off its team, as it shifts its AI strategy to OpenAI
▼ + stars: | 2023-10-24 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Microsoft just shut down Project Airsim, its AI-based drone simulation software that was part of its vision for an "industrial metaverse," Insider has learned. Both projects were considered part of Microsoft's "industrial metaverse." Project Airsim was originally launched as an open-source project in 2017, though it later shifted focus into a product for industrial customers. Microsoft kept Project Airsim around because it believed there were large prospective customers for the product, the person said. Gurdeep Pall, previously head of product incubations and business AI who at one point ran Project Bonsai and most recently ran Project Airsim, left last month after 33 years with the company.

Persons: Airsim, Kevin Scott, Scott, OpenAI ramped, Gurdeep Pall Organizations: Microsoft, Microsoft Chief, OpenAI, Amazon Web Services, Airsim Locations: OpenAI

"The Democratic Party's united front in support of President Biden's reelection is unprecedented," said Julie Chavez Rodriguez, campaign manager for Biden-Harris 2024. Microsoft senior executives donated more to the Biden campaign during the primaries than any other large tech company. In the runup to 2024, these donors will play a key role in helping Biden raise cash amid an uncertain economy and tepid enthusiasm among Democrats over the 80-year-old president's decision to run again. Biden's campaign alone raised more than $1 billion during the 2020 cycle, with more than $700 million of that coming from online grassroots donations. Two fundraising events Biden held last month in New York raised more than $3 million, according to a person familiar with those totals.

Persons: Joe Biden, Biden, Kevin Scott, Shannon Hunt, Scott, Reid Hoffman, Dan Kalafatas, Hadley Mullin, Steve Silberstein, Mark Robinson, Gavin Newsom, Biden's, Julie Chavez Rodriguez, Harris, Joe Biden's, Jill Biden, Nandita Bose, Trevor Hunnicutt, Heather Timmons, Jonathan Oatis Organizations: Democratic, Microsoft Chief, Microsoft, LinkedIn, Biden Victory Fund, Reuters, Biden, MAGA Republicans, Google, New, Fund, Democratic National Committee, Thomson Locations: California, New York

☆ Microsoft is sprinkling OpenAI everywhere to try and keep software makers interested in its platforms
▼ + stars: | 2023-05-25 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

In this article MSFT Follow your favorite stocks CREATE FREE ACCOUNTMicrosoft Chairman and CEO Satya Nadella speaks to attendees at Microsoft's Build conference in Seattle on May 23, 2023. "Every layer of the software stack is going to be changed forever and no better place to start than the actual developer stack," Microsoft CEO Satya Nadella said during his Build keynote address on Tuesday. It's crucial for third-party developers to enrich Microsoft's own software properties, such as the Microsoft 365 productivity software bundle. Greg Brockman, OpenAI president and co-founder, and Kevin Scott, Microsoft chief technology officer, speak onstage at Microsoft's Build conference in Seattle on May 23, 2023. WATCH: Microsoft Build 2023 unveils plugins and products that incorporate A.I.

☆ Microsoft's chief technology officer says he uses the new AI-powered Bing to decode his teenage daughter's use of Gen Z slang like 'rizz' and 'bussin'
▼ + stars: | 2023-02-14 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +2 min

Microsoft's CTO said he uses the new AI-powered Bing search engine to understand his teenage daughter's slang. In a recent interview, he praised the search engine, saying he misses it whenever he doesn't have access. Microsoft unveiled its new AI-powered Bing in collaboration with OpenAI last week. The overhauled search engine will feature similar technology that backs OpenAI's viral chatbot, ChatGPT, though OpenAI has promised Bing will be "more powerful." There's currently a waitlist to gain admittance to the new search engine, so Insider looked up the definitions the old-fashioned way: on Google.

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