Sony’s finance chief, Hiroki Totoki, recently announced that the company would not be reconsidering a bid for film and TV production group Paramount Global. This decision comes as a surprise to many, especially considering Sony’s previous interest in acquiring the media giant. Totoki cited strategic reasons for this decision, stating that acquiring Paramount would not
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Microsoft recently reacted to accusations made by Delta Air Lines regarding a massive IT outage and subsequent flight cancellations. Delta’s CEO, Ed Bastian, claimed that the disruptions cost the airline around $500 million and pointed fingers at Microsoft and CrowdStrike for the incident. However, Microsoft fired back, asserting that Delta had not modernized its IT
Recently, the U.K. government has been forced to respond to controversial comments made by billionaire Elon Musk regarding the riots fueled by far-right and anti-immigration sentiment across the country. Musk’s statement on social media platform X, where he stated “Civil war is inevitable,” was met with condemnation by U.K. Prime Minister Keir Starmer and other
John Schulman, co-founder of OpenAI, announced in a social media post on Monday that he would be leaving the Microsoft-backed company to join Anthropic, an artificial intelligence startup funded by Amazon. This decision comes shortly after OpenAI disbanded a superalignment team that was dedicated to ensuring human control over AI systems that surpass human capabilities
As the U.S. markets began trading this Monday, the tech industry’s megacap companies experienced a massive loss of approximately $1 trillion in market capitalization. This significant downturn further exacerbated the Nasdaq’s correction territory, which began last week. Particularly noteworthy was Nvidia’s loss of over $300 billion in market cap at the opening bell, although the
Elon Musk has once again brought a lawsuit against Sam Altman, claiming that he was manipulated into co-founding OpenAI. According to Musk, Altman and the current OpenAI President Greg Brockman deceived him into believing that the artificial intelligence firm was a non-profit organization. Musk accuses Altman and his associates of establishing a network of for-profit
The U.K. government has recently made a controversial decision to cancel £1.3 billion worth of computing infrastructure projects, dealing a significant blow to the country’s aspirations of becoming a global leader in artificial intelligence. This move has sparked debate and drawn criticism from various sectors, raising questions about the government’s priorities and long-term vision for
The U.S. Department of Justice has launched an investigation into complaints regarding Nvidia’s alleged abuse of its market dominance in artificial intelligence chips. According to a report by The Information, the DOJ has been in touch with Nvidia’s competitors, including AMD, to gather information related to the allegations. One of the key areas of focus
Meta, previously known as Facebook, experienced a significant surge in its stock price by 6% following the announcement of its second-quarter earnings report. The company’s revenue for the period increased by an impressive 22%, reaching $39.07 billion, surpassing analysts’ expectations of $38.31 billion. Additionally, net income saw a substantial spike of 73%, totaling $13.47 billion,
The relationship between Microsoft and OpenAI has taken a complicated turn recently. In Microsoft’s latest annual report, OpenAI has been added to the list of competitors, which includes other major tech companies like Amazon, Apple, Google, and Meta. Despite Microsoft being the biggest investor in OpenAI and serving as its exclusive cloud provider, the new
