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☆ CEOs from Mark Zuckerberg to Sundar Pichai explain why companies are making cuts this year
▼ + stars: | 2024-06-27 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

A number of Big Tech companies have laid off staff this year, including Google, Tesla, Apple, and dozens more. Ironically, companies haven't been slowing down on innovation, with many releasing a constant stream of AI updates and product launches. Mark Zuckerberg shared his theory on the first round of industry-wide layoffs in an interview with "Morning Brew Daily" in February. AdvertisementSalesforce CEO and cofounder Mark Benioff also relayed the same sentiment in a letter to employees announcing layoffs in 2023. But for the moment, tech companies don't seem to be slowing down on AI advancement.

Persons: —, Mark Zuckerberg, Jason Citron, Sundar Pichai, Mark Benioff, Zuckerberg, Emily Chang, Wayfair's cofounders, Niraj Shah, Steve Conine, Jobs, Satya Nadella, Arvind Krishna, Drew Houston Organizations: Service, Big Tech, Google, Apple, Business, Bloomberg, ARM, IBM, Dropbox Locations: Zuckerberg's

☆ 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

☆ Chipotle's latest marketing campaign shows how restaurants are getting creative to win your lunch break
▼ + stars: | 2024-06-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at Chipotle's newest pitch in the big business that is winning your lunch break. Market research firm Future Markets Insights pegged the lunch takeout market at $215.3 billion in 2022 . Chipotle's latest marketing campaign shows how creative restaurants are getting to nab your lunch order. Bitcoin's cooldown might be a warning for the stock market. A Stifel strategist predicted a late-summer stock market decline based on bitcoin's 10% sell-off in the past few weeks.

Persons: —, Chelsea Jia Feng, Keith Lee, Alyssa Powell, haven't, Taco Bell, Tim Hortons, Burger King, sarayut Thaneerat, Tyler Le, Ken Griffin, Bitcoin's, isn't, That's, Jensen Huang's, Satya Nadella's, Marc Piasecki, Elon Musk, They're, Alfie, Alfie Health, Donald Trump, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith, Amanda Yen Organizations: Service, Business, nab, bros, Chipotle, Getty, Brands, KFC, Taco, BI Citadel, Sunshine State, Congressional, Nasdaq, Apple, Apple Intelligence, Nvidia, Microsoft, Amazon, Elon Locations: Cava, Illinois, Florida, China, New York, London

☆ Jensen Huang's tight control over Nvidia chips reportedly led to a feud with Microsoft
▼ + stars: | 2024-06-20 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Microsoft has been feuding with Nvidia, The Information reported. Jensen Huang's attempt to control how Nvidia chips are used led to a standoff with Microsoft. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMicrosoft has reportedly been feuding with Nvidia. The Information reported that Nvidia CEO Jensen Huang's tight control over how chips are allocated and installed has rubbed Microsoft the wrong way.

Persons: Jensen Huang's, Satya Nadella's, —, Jensen Organizations: Microsoft, Nvidia, Service, Business

Four years ago, after officials in Grand Prairie, Texas, were pitched an idea to turn the city’s underused minor league ballpark into a stadium for cricket, the city’s manager, Bill Hills, thumbed through a copy of “Cricket for Dummies.”Like most Americans, Mr. Hills was oblivious to cricket, although that is starting to change. Last year, the 7,200-seat stadium in Grand Prairie became the new home of the Texas Super Kings, one of six teams that played in the inaugural season of Major League Cricket. A few days later, more than 34,000 cricket fans watched India narrowly beat Pakistan at a temporary stadium built in Long Island. When Los Angeles hosts the 2028 Summer Olympics, cricket will be among the new sports being played. That includes backers of Major League Cricket franchises hatching plans for dedicated cricket stadiums in their own cities.

Persons: Bill Hills, Hills, Satya Nadella Organizations: Cricket, Texas Super Kings, Major League Cricket, U.S ., team’s, Pakistan, Los Angeles, San Francisco Unicorns, Los Angeles Knight Riders, Seattle, Microsoft Locations: Grand Prairie , Texas, Grand Prairie, Pakistan, United States, India, Long Island

☆ Microsoft to delay launch of AI Recall tool due to security concerns
▼ + stars: | 2024-06-14 | by ( Katie Bartlett | ) www.cnbc.com time to read: +2 min

Microsoft CEO Satya Nadella speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Microsoft plans to make the AI feature available on all Copilot+ PCs soon after they receive feedback through WIP. Microsoft first introduced the Copilot+ PC on May 20 as a computer designed to run advanced AI programs, including Recall. Recall is an AI tool that regularly takes screenshots to create a record of activity, allowing users to search for their previous actions. Microsoft's decision to delay Recall follows heightened concerns around security as the AI field evolves rapidly.

Persons: Satya Nadella, Pavan Davuluri Organizations: Microsoft, Windows, Industry Locations: Redmond , Washington, U.S

☆ Microsoft employees' cybersecurity contributions will factor into their pay
▼ + stars: | 2024-06-13 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Microsoft will evaluate its employees' cybersecurity contributions in reviews that will factor into their compensation, Brad Smith, the company's vice chair and president, said ahead of a Thursday U.S. House committee hearing on the software maker's security practices. The changes represent part of Microsoft's efforts to address concerns about how much it's doing to protect its clients' data. For the current fiscal year, these high-ranking executives might see cybersecurity-related impacts reflected in their pay. "The Board also decided that for the current fiscal year, which ends on June 30, the Compensation Committee will consider explicitly each SLT member's cybersecurity performance when it makes its annual assessment of the executive's performance," Smith wrote. WATCH: Microsoft Security VP Vasu Jakkal talks cybersecurity with Jim Cramer

Persons: Brad Smith, Smith, Satya Nadella, Vasu Jakkal, Jim Cramer Organizations: Microsoft, U.S ., Department of Homeland Security, Homeland Security, cybersecurity, YouTube

Former President Donald Trump will address some of the world's most powerful corporate leaders on Thursday, albeit with some notable absences. So here's what we know: Out of the 17 corporate spokespeople who replied to CNBC, four said their CEOs planned to attend: JPMorgan Chase CEO Jamie Dimon, Citigroup CEO Jane Fraser, Bank of America CEO Brian Moynihan and Edison International CEO Pedro Pizarro. BlackRock CEO Larry Fink and Microsoft CEO Satya Nadella, for instance, will reportedly be at the G7 summit in Italy. Representatives for Woods and Bastian did not reply to questions about why their chief executives won't be attending the meeting. Fox Corp. CEO Lachlan Murdoch, Best Buy CEO Corie Barry and Boeing CEO Dave Calhoun will also not be there, spokespeople told CNBC Thursday.

Persons: Donald Trump, Bank of America Brian Moynihan, Joe Biden's, Jeff Zients, —, Jamie Dimon, Jane Fraser ,, Brian Moynihan, Pedro Pizarro, Trump, Steve Schwarzman, Goldman Sachs, David Solomon, Sara Armbruster, Darren Woods, Ed Bastian, Morgan Stanley, Ted Pick, James Gorman, Lynn Good, Solomon, Larry Fink, Satya Nadella, Woods, Bastian, Fink, Nadella, Lachlan Murdoch, Corie Barry, Dave Calhoun, spokespeople Organizations: Bank of America, White, Business, CNBC, JPMorgan Chase, Citigroup, Jane Fraser , Bank of America, Edison International, Trump, Blackstone Group, ExxonMobil, Delta Air, Duke Energy, BlackRock, Microsoft, Fox Corp Locations: Washington , DC, Trump, Italy, Washington

☆ Microsoft is considering an AI revamp of its 365 software bundles, sources say
▼ + stars: | 2024-06-11 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +7 min

The plan focuses on Microsoft 365, a popular suite of productivity software used by thousands of businesses. This is a big risk for the company because Microsoft 365 has been an important source of revenue and growth, even without fancy new AI capabilities. The problem was that Microsoft salespeople started to pitch E5 as the last business software suite that customers would need to buy. AdvertisementA "spiritual successor"The generative AI boom, and Microsoft's early lead here, have increased the chances that a new 365 bundle will emerge soon. Microsoft has new AI tools that it can integrate with 365 and use that to persuade customers to upgrade their software bundle.

Persons: —, Satya Nadella, Jared Spataro's, Microsoft salespeople, it's, Slack Organizations: Service, Microsoft, Business, Microsoft's Productivity, Processes, Sharepoint, European Commission, EU Locations: Capex

☆ OpenAI's Apple deal might actually be good for Microsoft too
▼ + stars: | 2024-06-11 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

OpenAI's partnership with Apple is now official after Monday's WWDC keynote. The lucrative deal cements OpenAI's place at the center of the AI revolution. The deal could also be good news for Microsoft, OpenAI's biggest backer. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhen reports first emerged that OpenAI had secured a partnership with Apple, it was rumored to have raised the eyebrows of Microsoft CEO Satya Nadella.

Persons: Monday's, —, OpenAI, Satya Nadella, Sam Altman Organizations: Apple, Microsoft, OpenAI's, Service, Business

☆ Microsoft is considering a big new software bundle as it works out how to charge for AI, sources say
▼ + stars: | 2024-06-11 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +7 min

☆ 'Blew my mind': Investor says one key stat shows Nvidia is in it for the long haul
▼ + stars: | 2024-06-10 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

"The stat that really blew my mind is that the forecast cash flow for Nvidia for 2026 is higher than Microsoft ," Yuri Khodjamirian, CIO at Tema ETFs, told CNBC's Squawk Box Europe, emphasizing the remarkable growth trajectory of Nvidia. This projection is driven by the surging demand for Nvidia's AI chips, as software companies increasingly rely on these powerful processors to fuel their artificial intelligence models. The spending by software giants such as Microsoft , Amazon and Google is propelling the share prices of Nvidia and other semiconductor companies to new heights. NVDA 1Y line Khodjamirian noted that Nvidia is "setting the pace" in the industry with annual product announcements that competitors struggle to match. Ginsberg predicts that Fortune 500 companies will increasingly outsource their AI and algorithmic business to cloud service providers, benefiting companies like Google Cloud and Microsoft Cloud.

Persons: Yuri Khodjamirian, CNBC's, Nvidia's, Microsoft's –, Khodjamirian, Anthony Ginsberg, Ginsberg, Satya Nadella, Sundar Pichai Organizations: Nvidia, Microsoft, Google, Apple, Gins, Tech, CNBC Pro, Amazon Locations: America

☆ It's showtime for Apple, and we're expecting news on its AI plans and a big partnership
▼ + stars: | 2024-06-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're giving a preview of what to expect at Apple's annual event . The big storyApple's AI unveilingApple CEO Tim Cook at the Worldwide Developers Conference in 2023. Josh Edelson/AFP Getty ImagesApple kicks off its big event today from a unique spot: behind. AdvertisementBut when CEO Tim Cook takes the stage for his keynote address this afternoon, it'll be about catching up with Apple's fellow Big Tech peers. It wouldn't be the first time Apple announced a deal with a fellow tech company that has massive implications , writes BI's Hasan Chowdhury.

Persons: —, Larry Connor, Tim Cook, Josh Edelson, Insider's Jordan Hart, BI's Hasan Chowdhury, Monica Schipper, Nordin Catic, Tyler Le, Sam Altman, OpenAI, Apple, Satya Nadella, Altman, Alyssa Powell, Chelsea Jia Feng, Andrii Sedykh, Javier Zayas, Abanti Chowdhury, They're, Gen, isn't, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith Organizations: Service, Business, showtime, Apple, Worldwide, Developers, Big Tech, Google, Microsoft, Getty, Getty Images, Taiwan Semiconductor Manufacturing Company, Amazon Locations: India, Mexico, Burazin, New York, London

☆ Nadella, Narayen among tech CEOs investing in cricket's American dream
▼ + stars: | 2024-06-07 | by ( Seema Mody | ) www.cnbc.com time to read: +4 min

Somasegar and Nadella are among the key owners of Seattle's cricket team, named the Orcas. Microsoft CEO Satya Nadella and Adobe CEO Shantanu Narayen are among the executives investing in the new U.S. professional league, Major League Cricket. Other cricket investors include Iconic Ventures, Madrona Venture Group and executives from Google . As the Men's T20 Cricket World Cup , co-hosted by the U.S. for the first time, ramps up, investors have pumped nearly a billion dollars into their American ambition. Venture capitalist Anurag Jain, part owner of Major League Cricket team the San Francisco Unicorns, said the U.S. national team is primarily made up of players in the league.

Persons: Somasegar, They're, Soma Somasegar, Satya Nadella, Shantanu Narayen, Monank Patel, StubHub, Anurag Jain, Satyan Gajwani, Gajwani, Rangaswami, —, Jessica Golden Organizations: Microsoft, CNBC, Madrona, Adobe, Major League Cricket, Iconic Ventures, Madrona Venture Group, Google, U.S, team, ICC, Grand Prairie Cricket, Pakistan, Sunday, The New York Times, Venture, San Francisco Unicorns, U.S ., Times Internet Locations: Bellevue , Washington, America, U.S, Pakistan, Dallas, West Indies, India, Nassau County, New York, of India, North America, South Asia, Australia

☆ Microsoft says AI feature that captures screenshots on new PCs will be off by default after backlash
▼ + stars: | 2024-06-07 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft CEO Satya Nadella speaks at an event on Microsoft's campus in Redmond, Washington, on May 20, 2024. Microsoft said an artificial intelligence feature on new PCs that captures screenshots and enables searching of user activity will be off by default after security researchers determined that attackers could access the underlying data. The Recall feature was one of the main capabilities Microsoft showed during a press briefing last month for forthcoming Copilot+ PCs with AI computing power onboard. Microsoft has already added the Copilot conversational chatbot into Windows in a way that resembles OpenAI's popular ChatGPT. Microsoft is adding security protections to Recall in addition to requiring people to manually turn it on once Copilot+ PCs become available on June 18.

Persons: Satya Nadella, Davuluri, Kevin Beaumont Organizations: Microsoft, Windows Locations: Redmond , Washington, U.S

☆ Leaked Microsoft org chart reveals the top people running Mustafa Suleyman's new AI organization
▼ + stars: | 2024-06-06 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +5 min

Microsoft in March hired Suleyman, head of startup Inflection AI and cofounder of AI pioneer Deepmind, to be CEO of a newly formed "Microsoft AI" group. Here are top players at Microsoft AI:AdvertisementKarén Simonyan, CVP and chief scientistKarén Simonyan Inflection AI Inflection AISimonyan is one of three Inflection co-founders. Kya Sainsbury-Carter, CVP Microsoft AdvertisingSainsbury-Carter is an 18-year veteran of Microsoft. Qi Zhang, CVP Microsoft AI APRDZhang is based in Beijing and has been at Microsoft for 22 years. Chris Daly, VP strategy and business operationsDaly joined Microsoft AI in May after spending about nine years in investment banking at Robey Warshaw.

Persons: —, Mustafa Suleyman, Suleyman, Karén Simonyan, Karén, Simonyan, Satya Nadella, Rob Cromwell, Cromwell, Gabor Hirschler, Hirschler, Mikhail Parakhin, Jordi Ribas, Bing, Rukmini Iyer, Iyer, Rajesh Sundaram, Sundaram, Ali Akgun, Panos Panay, Sainsbury, Carter, Qi Zhang, Zhang, Mike Davidson, Davidson, Michael Bhaskar, Bhaskar, DeepMind, Chris Daly, Daly, Robey Warshaw Organizations: Service, Microsoft, Business, Bing, Enterprise, Microsoft Edge, Carter, Microsoft Advertising, Pacific Research, Development, Twitter, NBCNews.com, Walt Disney Internet, Microsoft AI Locations: Copilot, Beijing, Asia, Pacific, London

☆ 6 tips from Satya Nadella on how to run a company and manage your team
▼ + stars: | 2024-06-06 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. His leadership has been credited with revitalizing the company's culture, driving growth in partnerships, and even guiding the company in dethroning Apple as the world's most valuable public company earlier this year. Deliver successA leader must also be able to "create success in what is an overconstrained space," he says. "Life is an overconstraint problem," he said in the magazine interview.

Persons: —, Nadella, I'm, it's, Axel Springer, Mathias Döpfner Organizations: Service, Microsoft, Apple, Business, Chicago Booth Magazine, Wall Street, Work Conference

☆ Microsoft confirms layoffs in mixed reality but will keep selling HoloLens 2 headsets
▼ + stars: | 2024-06-03 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft will lay off some employees who work on mixed reality, a spokesperson told CNBC on Monday. Although the cuts will affect the department that contributes to the HoloLens 2 augmented reality headset, Microsoft plans to continue selling the device. "Earlier today we announced a restructuring of the Microsoft's Mixed Reality organization," the spokesperson said in an email. In addition, we will continue to invest in W365 to reach the broader Mixed Reality hardware ecosystem. In December, Microsoft further reduced investment in augmented reality and virtual reality, which blocks out the surrounding world, when it deprecated Windows Mixed Reality, which included tools for running applications in head-mounted displays.

Persons: Satya Nadella, Apple Organizations: Microsoft, CNBC, Department, U.S . Defense Department, Bloomberg, Nvidia, Vision, Microsoft Ignite, Meta Locations: Redmond , Washington, Seattle

☆ Here's everything you need to know about Big Tech's AI models and tools but were too afraid to ask
▼ + stars: | 2024-06-02 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +8 min

The in-house AI model called MAI-1 is said to be trained using a public dataset and text from ChatGPT, a source told The Information. AdvertisementThe company has a text-to-image generator called Microsoft Designer, which launched last year after being tested in December 2022. MetaMeta has an AI assistant called Meta AI. NurPhoto/Getty ImagesMeta has an AI assistant called Meta AI, which is run on its open-source LLM, Llama. It also has an AI image generator called Imagine, which launched in December and was trained on public Facebook and Instagram photos.

Persons: —, Microsft, OpenAI, it's, Mustafa Suleyman, Shane Jones, VASA, Satya Nadella, OpenAI OpenAI, Sundar Pichai, OpenAI might've, Scarlett Johansson, OpenAI's chatbot, Sam Altman, Meta Meta Organizations: Service, Microsoft, Google, Apple, Business, Microsoft Microsoft, Microsft Microsoft, Federal Trade Commission, MAI, Lumiere Meta, Google Google, Meta, Facebook, Titan, Anadolu Amazon's, Olympus, Web Services, Amazon Locations: ChatGPT, Anthropic

☆ Trump is a convicted felon. Here's what it means for the former president.
▼ + stars: | 2024-05-31 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the historic guilty verdict against former President Donald Trump . In a historic verdict, former President Donald Trump was convicted of all 34 criminal counts related to a hush-money payment made to a porn star , write Business Insider's Laura Italiano, Jacob Shamsian, and Natalie Musumeci. AdvertisementIt's the first time a US president has become a convicted felon. This was a rigged trial by a conflicted judge that was corrupt," Trump told reporters in the Manhattan courtroom hallway. Trump told reporters Thursday the "real verdict is going to be November 5 by the people."

Persons: —, Donald Trump, Tyler Le, Laura Italiano, Jacob Shamsian, Natalie Musumeci, Trump, Stormy Daniels, BI's Lloyd Lee, There's, didn't, Chip Somodevilla, Scott Eisen, Joe Biden, Alyssa Powell, Rob Arnott, Bob Elliott, Paul Singer's, Jane Street, Jenny Chang, Rodriguez, Liz Reid, Satya Nadella, Sam Altman, Nadella, Kevin Dietsch, Charles Schwab, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Republican, Trump, NBC, Getty, Wall, Elliott Management, BI, Tech, Sigma, Google, Microsoft, Apple, Big Locations: Giza, Manhattan, Bridgewater, New York, London

☆ Microsoft CEO Satya Nadella resigning from Starbucks board effective immediately
▼ + stars: | 2024-05-31 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft CEO Satya Nadella resigning from Starbucks board effective immediatelyCNBC's Contessa Brewer joins 'Closing Bell Overtime' with news out of Starbucks.

Persons: Satya Nadella, Contessa Brewer Organizations: Starbucks

☆ Microsoft CEO Satya Nadella is reportedly worried about an OpenAI deal with Apple
▼ + stars: | 2024-05-30 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Satya Nadella recently met with Sam Altman to discuss a new OpenAI deal, The Information reported. OpenAI recently sealed a major deal with Apple, according to the outlet. Microsoft is reportedly concerned about how the deal could affect its product ambitions. Satya Nadella recently met with Sam Altman to discuss an apparent deal between OpenAI and Apple, The Information reported. Nadella was reportedly concerned about the potential impact of a deal on Microsoft's product ambitions, per the report.

Persons: Satya Nadella, Sam Altman, OpenAI, —, Nadella Organizations: Apple, Microsoft, Service, Business

☆ AI-driven boost in PC and smartphone upgrades benefits these 5 stocks
▼ + stars: | 2024-05-29 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

At its annual Worldwide Developers Conference next month, it's believed that Apple will share more information about an expected AI-integrated iPhone. Jim Cramer has said that new AI capabilities on devices and for devices will usher in the " greatest refresh cycle in history ." Wireless stands to benefit from the expected increase in iPhone sales because Apple is one of Broadcom's largest customers. If there's a surge in PC sales, in particular, this could boost both Nvidia's Gaming and Professional Visualization segments. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Satya Nadella, it's, Jim Cramer, It's, Tim Cook, Jim, iPhones, Jim Cramer's, Eugene Mymrin Organizations: Microsoft, Developers Conference, Apple, Broadcom, Nvidia, Computing, Windows, Revenue, Shareholders, China Academy of Information, Communications Technology, Broadcom Wireless, Broadcom's Semiconductor, Nvidia's Gaming, Club, HP Inc, Dell, CNBC Locations: China

☆ LLMs, GPUs, and hallucinations — what you need to know about AI
▼ + stars: | 2024-05-29 | by ( Aaron Mok | Jyoti Mann | ) www.businessinsider.com time to read: +6 min

Here's a list of the people, companies, and terms you need to know to talk about AI, in alphabetical order. GPU: A computer chip, short for graphic processing unit, that companies use to train and deploy their AI models. Nvidia's GPUs are used by Microsoft and Meta to run their AI models. Multimodal: The ability for AI models to process text, images, and audio to generate an output. As a profession, prompt engineers are experts in fine tuning AI models on the backend to improve outputs.

Persons: —, Sam Altman, Altman, OpenAI's, Dario Amodei, Claude, Demis, Hassabis, Jensen Huang, Satya, Mustafa Suleyman, OpenAI, Elon Musk, Sam Bankman, Peter Thiel, Bard, James Webb, empiricists Organizations: Service, Business, OpenAI, Google, Nvidia, Microsoft, Bing, Meta, James Webb Space Telescope Locations: OpenAI, Anthropic

☆ Microsoft CEO Satya Nadella explains how he views his partnership — and competition — with OpenAI
▼ + stars: | 2024-05-23 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Microsoft CEO Satya Nadella spoke to Stratechery about its $13 billion partnership with OpenAI. "There's going to be competition," he told the tech and media newsletter. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Microsoft CEO Satya Nadella believes both forces are at play in its more than $13 billion partnership with OpenAI. "Long-term stability comes from both sides winning on a continuous basis and that's how at least I approach it," Nadella told the media and tech newsletter Stratechery.

Persons: Satya Nadella, Mustafa Suleyman, —, Nadella Organizations: OpenAI, Microsoft, Service, Business

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