EU to Check Whether Microsoft’s Investment in OpenAI Falls Under Merger Rules
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
EU to Check Whether Microsoft’s Investment in OpenAI Falls Under Merger Rules
EU to Check Whether , Microsoft’s Investment in OpenAI , Falls Under Merger Rules.
On January 9, the European Union announced
an investigation to determine if Microsoft's
massive investment in OpenAI violates
the bloc's merger regulations.
On January 9, the European Union announced
an investigation to determine if Microsoft's
massive investment in OpenAI violates
the bloc's merger regulations.
TechCrunch reports that the news comes after turmoil
at OpenAI which saw the board of directors oust
the company's founder and CEO, Sam Altman.
.
TechCrunch reports that the news comes after turmoil
at OpenAI which saw the board of directors oust
the company's founder and CEO, Sam Altman.
.
The surprising decision triggered an
aggressive response by Microsoft, which
offered to hire Altman and any other OpenAI
staffers looking to leave the generative AI company.
The surprising decision triggered an
aggressive response by Microsoft, which
offered to hire Altman and any other OpenAI
staffers looking to leave the generative AI company.
Ultimately, OpenAI reversed the
board's initial decision, bringing Altman
back to lead the company.
A new board was then formed, which saw
the departure of members who had
voted in favor of removing Altman.
A new board was then formed, which saw
the departure of members who had
voted in favor of removing Altman.
The new board also includes Microsoft
representation for the first time in the form
of a non-voting, observer member.
TechCrunch reports that the high-profile upheaval,
combined with Microsoft's major 49% stake in
OpenAI, has garnered the attention of regulators.
At the close of 2023, the Competition and Markets Authority launched an investigation aimed
at deciding if OpenAI and Microsoft are in a , "relevant merger situation.".
Last fall, Germany's Federal Cartel Office
(FCO) concluded that the business arrangement
was not "currently" subject to merger control.
If Microsoft were to increase its
influence on OpenAI in the future,
it would have to be re-examined
whether a notification obligation
exists under competition law, Germany's Federal Cartel Office (FCO), via TechCrunch
Amazon Reaches $2 Trillion , in Stock Market Value.
On June 26, Amazon became the 5th American company to join the $2 trillion club, NPR reports. .
Amazon shares ended the day up nearly 4%, giving the company a $2.01 trillion stock market valuation. .
Within the past year,
Amazon's stock has gained 52%.
Part of that gain can be attributed
to investors' enthusiasm about the
company's AI endeavors, NPR reports. .
A big part of the valuation boost has
been cloud and AI. Amazon is going to
be a major player in the AI revolution, Dan Ives, Wedbush tech analyst, via NPR.
Amazon currently has a chatbot called Q, which businesses that use AWS have access to. .
Amazon currently has a chatbot called Q, which businesses that use AWS have access to. .
Amazon CEO Andy Jassy recently said that
AI has rejuvenated the growth of AWS.
The cloud computing unit is reportedly on pace to bring in $100 billion in annual revenue.
Amazon recently invested in Anthropic, a California
AI company, "to develop so-called foundation models
that underpin generative AI systems," NPR reports. .
Amazon also makes its own AI chips.
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia.
Credit: Wibbitz Top Stories Duration: 01:30Published
Anchored by Salesforce's robust CRM platform and powered by OpenAI's state-of-the-art language model, this innovative tool promises transformative capabilities.. DNA
Elon Musk Drops Lawsuit , Against OpenAI.
In February of this year, Musk filed a lawsuit against OpenAI and two of its co-founders, Sam Altman and Greg Brockman.
In February of this year, Musk filed a lawsuit against OpenAI and two of its co-founders, Sam Altman and Greg Brockman.
In February of this year, Musk filed a lawsuit against OpenAI and two of its co-founders, Sam Altman and Greg Brockman.
The suit alleged that OpenAI initially worked
to develop artificial general intelligence
"for the benefit of humanity" but later strayed
from that goal to become a for-profit entity. .
Musk, who had a hand in launching
OpenAI, was suing "for breach of contract
and fiduciary duty," CNBC reports.
In March, experts told CNBC that the suit had a murky legal foundation because there was no formal written agreement signed by each party.
On June 11, Musk dropped the lawsuit.
It was dismissed without prejudice.
His decision to drop the lawsuit comes
one day after he threatened Apple over
its new partnership with OpenAI.
His decision to drop the lawsuit comes
one day after he threatened Apple over
its new partnership with OpenAI.
He called the partnership "an unacceptable security violation" since Apple has
"no clue what's actually going on.".
It’s patently absurd that Apple isn’t
smart enough to make their own
AI, yet is somehow capable of
ensuring that OpenAI will protect
your security & privacy!, Elon Musk, via X.
Musk went on to say that if Apple
"integrates OpenAI at the OS level," the company's devices will be banned at his businesses.
Credit: Wibbitz Top Stories Duration: 01:31Published
Musk Threatens Ban , After Apple Announces , OpenAI Partnership.
Reuters reports that Elon Musk has threatened to
ban Apple devices at his companies if the iPhone
producer goes forward with plans to integrate OpenAI.
Reuters reports that Elon Musk has threatened to
ban Apple devices at his companies if the iPhone
producer goes forward with plans to integrate OpenAI.
Reuters reports that Elon Musk has threatened to
ban Apple devices at his companies if the iPhone
producer goes forward with plans to integrate OpenAI.
That is an
unacceptable
security violation, Elon Musk, CEO of Tesla & SpaceX, via Reuters.
And visitors will have to
check their Apple devices
at the door, where they will
be stored in a Faraday cage, Elon Musk, CEO of Tesla & SpaceX, via Reuters.
On June 10, Apple announced a number of
new AI features to be introduced across
the company's apps and operating platforms. .
Apple also announced a new partnership
with OpenAI that will see ChatGPT technology
added to all of the company's devices.
According to Apple,
privacy was "at the core"
of its efforts to integrate AI.
It's patently absurd that
Apple isn't smart enough
to make their own AI, yet is
somehow capable of ensuring
that OpenAI will protect
your security & privacy!, Elon Musk, CEO of Tesla & SpaceX, via Reuters.
Previously, Musk sued OpenAI and its CEO Sam Altman
for abandoning the company's original mission to create
AI for the betterment of humanity rather than profit.
Previously, Musk sued OpenAI and its CEO Sam Altman
for abandoning the company's original mission to create
AI for the betterment of humanity rather than profit.
Following the legal challenge, Musk started his own startup, xAI, to challenge OpenAI with an alternative to the popular chatbot ChatGPT.
Following the legal challenge, Musk started his own startup, xAI, to challenge OpenAI with an alternative to the popular chatbot ChatGPT.
Reuters reports that Musk's xAI has been
valued at $24 billion, after raising $6 billion in
series B funding during its last funding round
Credit: Wibbitz Top Stories Duration: 01:30Published
Apple Announces Partnership , With OpenAI.
Apple Announces Partnership , With OpenAI.
Apple made a lot of announcements at its
Worldwide Developers Conference this year.
Apple made a lot of announcements at its
Worldwide Developers Conference this year.
but one of the company's most-anticipated reveals was that it's teaming up with ChatGPT-maker OpenAI, NPR reports. .
The deal is the first of its kind for the tech giant, which has been slower than its competitors to adopt AI. .
Apple software chief Craig Federighi said that Siri will become integrated with OpenAI.
The feature will allow Apple users to ask for assistance with things such as recipes, decorating tips or even writing a story.
Suppose you want to create a custom
bedtime story for your six-year-old who
loves butterflies and solving riddles, Craig Federighi, Apple software chief, via statement.
Put in your initial idea,
and send to ChatGPT, Craig Federighi, Apple software chief, via statement.
OpenAI CEO Sam Altman took to X to celebrate the announcement.
Very happy to be partnering with
Apple to integrate ChatGPT into
their devices later this year!
Think you will really like it, Sam Altman, OpenAI CEO, via X.
Apple will also roll out its own generative
AI software, Apple Intelligence.
The new features are set to be
released later this year
Credit: Wibbitz Top Stories Duration: 01:31Published
Climate change has heightened the risk of forest fires and wildfires in Europe. EU agencies are cooperating across borders and using artificial intelligence to predict and prevent disasters.
Credit: euronews (in English) Duration: 01:41Published
Spotify Launches , Basic Streaming Plan.
The streaming company announced the new
"Basic" plan on June 21, TechCrunch reports.
It will cost $10.99 per month,
but it won't grant access to audiobooks. .
Other than that, the Premium
benefits will remain the same. .
The news comes after Spotify raised its
Premium plan price to $11.99 a few weeks ago. .
The new "Basic" plan could be the first of a few
new subscription tiers, TechCrunch reports.
Spotify is reportedly developing a "Supremium" plan at the moment which would grant access to high-fidelity audio.
According to 'Bloomberg,' that tier will
cost a minimum of $5 more each month.
The streaming giant reported a
20% revenue increase in April.
It also saw Premium subscriptions
increase by 14%.
Spotify's Q2 2024 earnings are
expected to be released on July 24
Credit: Wibbitz Top Stories Duration: 01:30Published
DOJ Files Lawsuit , Against Adobe.
The U.S. Justice Department filed a lawsuit
against Adobe on June 17, TechCrunch reports.
The DOJ alleges that Adobe is deceptive because
it conceals early-termination fees and makes it difficult for customers to cancel subscriptions.
Adobe has harmed consumers by
enrolling them in its default, most
lucrative subscription plan without
clearly disclosing important plan terms, DOJ, via lawsuit.
The DOJ claims that Adobe pushes subscribers to choose its "annual paid monthly" plan and uses costly early-termination fees as a "powerful retention tool" to trap customers.
During enrollment, Adobe hides
material terms of its APM plan in fine
print and behind option textboxes and
hyperlinks, proving disclosures that are
designed to go unnoticed and that
most consumers never see, DOJ, via lawsuit.
Adobe then deters cancellations
by employing an onerous and
complicated cancellation process, DOJ, via lawsuit.
Adobe disagrees with the allegations.
Subscription services are convenient,
flexible and cost effective to allow
users to choose the plan that best fits
their needs, timeline and budget, Dana Rao, Adobe’s General Counsel and Chief Trust Officer, via statement.
Our priority is to always ensure our
customers have a positive experience. , Dana Rao, Adobe’s General Counsel and Chief Trust Officer, via statement.
We are transparent with the terms
and conditions of our subscription
agreements and have a simple
cancellation process, Dana Rao, Adobe’s General Counsel and Chief Trust Officer, via statement.
The U.S. government maintains that Adobe
has violated consumer protection laws and is
seeking "injunctive relief, civil penalties,
equitable monetary relief, as well as other relief.”
Credit: Wibbitz Top Stories Duration: 01:31Published
British passengers - including some England football fans - have had to endure delays coming home from Germany after an "undefined odour" in the cabin forced.. Sky News
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