Enterprise

Sony’s finance chief recently announced that the company will not be pursuing a bid for the film and TV production group Paramount Global. Despite previous interest in acquiring Paramount, Hiroki Totoki, Sony’s CFO, stated that it does not align with the company’s current strategy. This decision comes after reports that Skydance Media, an independent film
0 Comments
In a recent turn of events, Microsoft has decided to hit back at Delta Air Lines, challenging the carrier’s claims of outdated technology being the root cause of the massive IT outage that resulted in thousands of flight cancellations. Delta CEO Ed Bastian had previously placed blame on Microsoft and CrowdStrike for the disruptions, citing
0 Comments
In a recent announcement, OpenAI co-founder John Schulman revealed his decision to leave the Microsoft-backed company to join Anthropic, an artificial intelligence startup funded by Amazon. This move comes shortly after OpenAI disbanded a superalignment team dedicated to ensuring that humans retain control over AI systems that surpass human capabilities. Schulman, who previously led OpenAI’s
0 Comments
The opening of the U.S. markets on Monday was a disaster for tech’s megacap companies as they collectively lost about $1 trillion in market cap. Nvidia alone shed more than $300 billion in market cap at the opening bell, although it did manage to recover about half of its loss. Other tech giants like Apple
0 Comments
Elon Musk has reignited a legal battle against Sam Altman in federal court, claiming that he was misled into co-founding OpenAI. Musk alleges that Altman, along with current OpenAI President Greg Brockman, deceived him into believing the artificial intelligence firm was a non-profit organization. After investing millions of dollars, Musk asserts that he was ultimately
0 Comments
The U.K. government recently made the decision to cancel £1.3 billion worth of computing infrastructure projects, a move that has raised concerns about the country’s ambitions to become a world leader in artificial intelligence. This decision includes the cancellation of two major taxpayer-funded spending commitments, one worth £500 million and the other £800 million. These
0 Comments
The U.S. Department of Justice has launched an investigation into allegations of Nvidia abusing its market dominance in artificial intelligence chips. This investigation stems from complaints which claim that Nvidia may be engaging in anti-competitive behavior in the AI chip sector. According to reports, the DOJ has been in touch with Nvidia’s competitors, such as
0 Comments