Microsoft

January 6, 2025 10:32 PM

Glad to know about Microsoft’s ambitious expansion, investment plans in India: PM Modi

Prime Minister Narendra Modi, who met Microsoft Chairman and CEO Satya Nadella on Monday, said he was glad to know about the tech giant’s ambitious expansion and investment plans in India. In a post on social media platform X, PM Modi said: "It was indeed a delight to meet you, @satyanadella! Glad to know about Microsoft's ambitious expansion and investment plans in India. It was also wonderful discussing various aspects of tech, innovation and AI in our meeting". "Excited to build on our co...

November 28, 2024 1:24 PM

Microsoft faces wide-ranging US antitrust probe

The U.S. Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter said on Wednesday. The probe was approved by FTC Chair Lina Khan ahead of her likely departure in January. The election of Donald Trump as U.S. president, and the expectation he will appoint a fellow Republican with a softer approach toward business, leaves the outcome of the investigation up in the air...

October 3, 2024 11:49 AM

OpenAI closes $6.6 billion funding haul with investment from Microsoft and Nvidia

OpenAI, the company behind ChatGPT, has raised $6.6 billion from investors, which could value the company at $157 billion and cement its position as one of the most valuable private companies in the world. The funding has attracted returning venture capital investors including Thrive Capital and Khosla Ventures, as well as OpenAI's biggest corporate backer Microsoft, and new participation from Nvidia. The closing of the funds coincides with the company's ongoing restructuring efforts and execu...

September 14, 2024 10:40 AM

OpenAI’s stunning $150 billion valuation hinges on upending corporate structure, sources say

OpenAI's new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter, who said its $150 billion valuation will be contingent on whether the ChatGPT-maker can upend its corporate structure and remove a profit cap for investors, Reuters reported. The details of the conditions of the $6.5 billion funding, which have not been previously reported, show how far OpenAI, the most valuable AI startup in the world, has come from a res...

September 4, 2024 11:26 AM

Nvidia suffers record $279 billion loss in market value as Wall St drops

Shares of AI heavyweight Nvidia tumbled 9.5% on Tuesday in the deepest ever single-day decline in market value for a U.S. company, as investors softened their optimism about artificial intelligence in a broad market selloff following tepid economic data. Nvidia lost $279 billion in market capitalization, a major indication that investors are becoming more cautious about emerging AI technology that has fueled much of this year's stock market gains. The PHLX chip index plummeted 7.75%, its bigge...

August 7, 2024 2:22 PM

Google monopoly ruling could help Apple defense in antitrust case

Apple could be the winner after Alphabet's Google lost its fight with the U.S. antitrust enforcers earlier this week, with a ruling that supports the iPhone maker's defense in its own antitrust court battle with U.S. prosecutors, legal experts said. A federal judge mostly sided with state and federal antitrust enforcers in the blockbuster case on Monday that ruled Google's search business was an illegal monopoly, but threw out a claim by several U.S. states that one of Google's ad tools was des...

July 20, 2024 5:26 PM

CrowdStrike update that caused global outage likely skipped checks, experts say

Security experts said CrowdStrike's routine update of its widely used cybersecurity software, which caused clients' computer systems to crash globally on Friday, apparently did not undergo adequate quality checks before it was deployed. The latest version of its Falcon Sensor software was meant make CrowdStrike clients' systems more secure against hacking by updating the threats it defends against. But faulty code in the update files resulted in one of the most widespread tech outages in recent...

July 16, 2024 4:31 PM

Google deal for ‘hot market’ cyber firm Wiz would bolster cloud security

If Alphabet's Google is successful in its effort to buy cloud security company Wiz, it would bolster its cloud security offerings for large organisations, a hotspot for hackers, and help it take on cloud rivals Amazon and Microsoft, experts said. Alphabet is in advanced talks to acquire Wiz, a person familiar with the matter said on Sunday, in an up to $23 billion deal that would be Google's most expensive acquisition and provide it with cybersecurity products that defend against ransomware gan...

June 19, 2024 11:16 AM

Nvidia eclipses Microsoft as world’s most valuable company

Nvidia became the world's most valuable company on Tuesday, dethroning tech heavyweight Microsoft as its high-end processors play a central role in a scramble to dominate artificial intelligence technology. Shares of the chipmaker climbed 3.5% to $135.58, lifting its market capitalization to $3.335 trillion, just days after overtaking iPhone maker Apple to become the second most valuable company. Microsoft's stock market value was $3.317 trillion as its shares dipped 0.45%. Apple's stock slip...

June 13, 2024 1:43 PM

AI-powered Apple overtakes Microsoft as world’s most valuable company

Apple once again became the world's most valuable company on Wednesday, dethroning Microsoft from the top spot, as the iPhone maker pushed ahead in a race to dominate artificial intelligence technology. Its shares jumped nearly 4% to a record $215.04, giving it a market valuation of $3.29 trillion. Microsoft's market capitalization stood at $3.24 trillion, falling behind Apple for the first time in five months. The stock surge comes as the tech-heavy Nasdaq hit a record high on fresh signs of ...