Microsoft drops AI sales targets in half
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There’s no overlooking Microsoft’s deep ties to OpenAI. The partners have worked together since 2019, just months after OpenAI began its transition to a for-profit structure. Today, Microsoft has a significant stake in OpenAI Group Public Benefit Corporation, which was valued at roughly $135 billion as of the end of October.
Microsoft Corp. shares slid after the Information reported that the software maker has lowered expectations for getting business customers to spend money on the cloud unit’s marketplace for artificial intelligence models and agents.
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Microsoft denies reducing sales targets for AI products, eases stock losses. Microsoft is actively shaping a clear vision for enterprise AI.
John Giannandrea, Apple's AI chief, is leaving the company. Amar Subramanya is joining as vice president of AI.
AI plays were mixed Thursday, a sign of the ongoing rotation within megacap tech stocks that have been a key driver of the stock market's bull run. In early trade, shares of Microsoft Corp., Nvidia Corp,
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Microsoft’s AI Sales Flop: Is the $3.5 Trillion Bubble About to Burst?
Artificial intelligence has fueled a multi-trillion-dollar stock market surge over the past few years, propelling companies like Microsoft (NASDAQ:MSFT) and Nvidia (NASDAQ:NVDA) to record valuations.
AI might not be transforming every job yet, but it’s having a big impact on developers.
Danzico noted that she helped put together an in-house AI course for her team's 200 employees, to a "tremendously positive" positive response.