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Stockreport

Microsoft's billion-dollar OpenAI investment was trigged by Google fears, emails reveal [Verge, The]

Alphabet Inc. - Class C Capital Stock (GOOG)  More Company Research Source: Verge, The
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
Share this story Microsoft invested $1 billion in OpenAI in 2019 because it was “very worried” that Google was years ahead in scaling up its AI efforts. An internal email, titled “Thoughts on OpenAI,” between Microsoft CTO Kevin Scott, CEO Satya Nadella, and co-founder Bill Gates reveals some of the high-level discussions around an investment opportunity in the months before Microsoft revealed the partnership The email was released on Tuesday as part of the ongoing US Justice Department antitrust case against Google, Business Insider reports “We are multiple years behind the competition in terms of machine learning scale,” Scott writes in his June 12th, 2019, email to Nadella and Gates. He details how it took six months for Microsoft engineers to replicate Google's BERT language model and get it trained “because our infrastructure wasn't up to the task.” Microsoft was impressed by Google's early use of AI Scott says he was initially dismissive of AI efforts at OpenAI and Go [Read more]
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Stockreport

Microsoft's billion-dollar OpenAI investment was trigged by Google fears, emails reveal [Verge, The]

Alphabet Inc. - Class C Capital Stock  (GOOG) 
More Company Research Source: Verge, The
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
Share this story Microsoft invested $1 billion in OpenAI in 2019 because it was “very worried” that Google was years ahead in scaling up its AI efforts. An internal email, titled “Thoughts on OpenAI,” between Microsoft CTO Kevin Scott, CEO Satya Nadella, and co-founder Bill Gates reveals some of the high-level discussions around an investment opportunity in the months before Microsoft revealed the partnership The email was released on Tuesday as part of the ongoing US Justice Department antitrust case against Google, Business Insider reports “We are multiple years behind the competition in terms of machine learning scale,” Scott writes in his June 12th, 2019, email to Nadella and Gates. He details how it took six months for Microsoft engineers to replicate Google's BERT language model and get it trained “because our infrastructure wasn't up to the task.” Microsoft was impressed by Google's early use of AI Scott says he was initially dismissive of AI efforts at OpenAI and Go [Read more]
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GOOG
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Price Change %
Volume Shares
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%
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Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
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%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS