Big Tech is eating as much data as it can to win in AI — but it's not ‘winner takes all,' CEO says [CNBC]
Microsoft Corporation (MSFT)
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Source: CNBC
Matt Calkins, CEO and co-founder of Appian, said that though internet giants like Microsoft Amazon , and Google are spending billions on the tech, ensuring success in AI is “not just about money.” “AI is not a place where money makes more money,” Calkins told CNBC in an interview at its London bureau on Tuesday. Calkins was referring to the high-profile deals companies like Microsoft and Amazon are agreeing with ambitious and fast-growing foundational AI model makers, like OpenAI and Anthropic. Microsoft has invested a total of $13 billion in OpenAI , a deal that entails Microsoft getting a stake in OpenAI and the latter adding its GPT language models to the Redmond, Washington-based technology giant's Azure cloud computing platform. Microsoft has struck a similar deal with Mistral , taking a 15 million euro ($16 million) stake in the French AI firm. In OpenAI's case, Microsoft has a non-voting observer sitting on the firm's board. That happened after a shocking series of
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