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Stockreport

Microsoft building its own high-powered AI models, as it looks to slash dependence on OpenAI [Yahoo! Finance]

Microsoft Corporation (MSFT)  More Company Research Source: Yahoo! Finance
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
Microsoft AI CEO Mustafa Suleyman t old Bloomberg in an interview published Thursday that the plan is to have “state-of-the-art” models for multiple types of data, known as multi-modal models, including for text, audio, and images. The news comes less than a month after Microsoft moved Suleyman's focus in its AI subsidiary to developing its own models, turning development of the company's Copilot platform over to Jacob Andreou Microsoft jumped out to an early lead in the AI race thanks to its partnership with OpenAI, which provides Microsoft with the company's intellectual property through 2032. As of October, Microsoft held a 27% stake in OpenAI Group PBC. The company also recently contributed to OpenAI's latest fundraising round, which brought in $122 billion at a valuation of $852 billion OpenAI CEO Sam Altman (L) speaks with Microsoft CTO Kevin Scott during Microsoft Build on May 21, 2024. (Photo by Jason Redmond / AFP) (Photo by JASON REDMOND/AFP via Getty Images) · JA [Read more]
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Stockreport

Microsoft building its own high-powered AI models, as it looks to slash dependence on OpenAI [Yahoo! Finance]

Microsoft Corporation  (MSFT) 
More Company Research Source: Yahoo! Finance
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
Microsoft AI CEO Mustafa Suleyman t old Bloomberg in an interview published Thursday that the plan is to have “state-of-the-art” models for multiple types of data, known as multi-modal models, including for text, audio, and images. The news comes less than a month after Microsoft moved Suleyman's focus in its AI subsidiary to developing its own models, turning development of the company's Copilot platform over to Jacob Andreou Microsoft jumped out to an early lead in the AI race thanks to its partnership with OpenAI, which provides Microsoft with the company's intellectual property through 2032. As of October, Microsoft held a 27% stake in OpenAI Group PBC. The company also recently contributed to OpenAI's latest fundraising round, which brought in $122 billion at a valuation of $852 billion OpenAI CEO Sam Altman (L) speaks with Microsoft CTO Kevin Scott during Microsoft Build on May 21, 2024. (Photo by Jason Redmond / AFP) (Photo by JASON REDMOND/AFP via Getty Images) · JA [Read more]
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