News Formal

Microsoft Concern About Google’s Lead Drove Investment in OpenAI

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 50%

United States News News

United States United States Latest News,United States United States Headlines

Microsoft Corp.’s motivation for investing heavily and partnering with OpenAI came from a sense of falling badly behind Google, according to an internal email released Tuesday as part of the Justice Department’s antitrust case against the search giant.

Asian Stocks Set to Slide on Rekindled Rate Fears: Markets WrapSouth Korea’s Export Growth Picks Up, Supporting OutlookAmazon Snuffs Out Investor Hopes for Dividend or Share BuybacksSenate Passes Russian Uranium Import Ban, Sending Bill to BidenBlackRock to Get $5 Billion From PIF to Boost Presence in Saudi ArabiaKid-Free Cruises Create $5 Billion Fortune for Viking’s FounderTraders Expect Biggest Fed-Day Move in S&P Since 2023, Citi SaysParamount Investor Asks Judge for Access to Sale...

4% in FebruaryChina State Firm to Sell 20 Shanghai Office Towers in DownturnChina Home Sales Keep Falling as Top Officials Pledge SupportDistressed Korea Builder Taeyoung Faces Debt Restructuring VoteStarbucks Posts First Sales Drop Since 2020 During Global PullbackComcast Expects to Lose 15 Bally Sports Channels in Fee DisputeMexico Tariffs on Steel, Plastics to Affect 7% of Total ImportsGold Holds Drop as Markets Brace for Hawkish Tone at Fed MeetingExtreme Bond Market Shorts Gamble on a...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Microsoft-OpenAI deal set to dodge formal EU merger probe, sources saySources familiar with the matter said on Wednesday that EU antitrust regulators have concluded that Microsoft’s $13-billion investment into OpenAI is not an acquisition
Source: globeandmail - 🏆 5. / 92 Read more »