Microsoft Corp Archives

2024-12-19

Salesforce will hire 2,000 people to sell AI products, CEO Benioff says

Salesforce CEO Marc Benioff speaks at the Dreamforce conference in San Francisco on Sept. 17, 2024. David Paul Morris | Bloomberg | Getty Images Salesforce will hire 2,000 people to sell artificial intelligence software to clients, CEO Marc Benioff said on Tuesday, double the number the company indicated it was planning to add a month ago. The cloud software…

2024-11-20

Goldman’s 2025 stock market forecast calls for the S&P 500 to gain 11%

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Business

Goldman Sachs is out with its much anticipated 2025 equity outlook to clients and it calls for stocks to gain 11% from here (12% total return with dividends) as a growing economy and improving profit margins fuel sizable earnings growth. “Our view is predicated on continued US economic expansion, earnings growth of 11% in 2025 and 7% in 2026,…

2024-10-18

Nvidia stock rises to new record, above June high as AI trade rekindled

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Jensen Huang, co-founder and CEO of Nvidia, speaks during an event in Taipei, Taiwan, on June 2, 2024. Annabelle Chih | Bloomberg | Getty Images Shares of Nvidia rose to a new record Thursday as investors piled back in to the artificial intelligence trade, which had stalled a bit since the summer. The stock rose more than 3% at…

2024-10-15

Nvidia shares hit a record as chipmaker market cap tops $3.4 trillion

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Jensen Huang, co-founder and CEO of Nvidia, speaks during an event in Taipei, Taiwan, on June 2, 2024. Annabelle Chih | Bloomberg | Getty Images Nvidia shares closed at a record on Monday as Wall Street gears up for earnings season and updates from all of the chipmaker’s top customers on their planned spending on artificial intelligence infrastructure. The…

2024-10-12

AMD launches MI325X AI chip to rival Nvidia’s Blackwell

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AMD launched a new artificial intelligence chip on Thursday that is taking direct aim at Nvidia’s data center graphics processors, known as GPUs. The Instinct MI325X, as the chip is called, will start production before the end of 2024, Advanced Micro Devices said Thursday during an event announcing the new product. If AMD’s AI chips are seen by developers…

2024-10-04

OpenAI gets $4 billion revolving credit line on top of latest funding

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OpenAI has a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion, CNBC has learned. It follows news Wednesday that OpenAI closed its recent funding round at a valuation of $157 billion, including the $6.6 billion the company raised from an extensive roster of investment firms and big tech companies. JPMorgan Chase, Citi,…

2024-10-04

OpenAI raises at $157 billion valuation; Microsoft, Nvidia join round

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OpenAI has closed its long-awaited funding round at a valuation of $157 billion, including the $6.6 billion the company raised from an extensive roster of investment firms and big tech companies. While OpenAI didn’t name the investors in Wednesday’s press release, a person with knowledge of the matter said the round was led by Thrive Capital and included participation…

2024-10-02

Cerebras files for IPO

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Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024. Ramsey Cardy | Sportsfile | Collision | Getty Images Artificial intelligence chip startup Cerebras Systems on Monday filed its prospectus for an initial public offering, with plans to trade under the ticker symbol “CBRS” on the Nasdaq. Cerebras competes with…

2024-09-29

OpenAI’s Sam Altman tells employees he didn’t get ‘giant equity stake’

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At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied that there are plans for him to receive a “giant equity stake” in the company, calling that information “just not true,” according to a person who was in attendance. Altman and finance chief Sarah Friar both said at the meeting, conducted by video, that investors have raised concerns about…

2024-09-26

OpenAI considering restructuring to for-profit, CTO Mira Murati and two top research execs depart

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Mira Murati, chief technology officer of OpenAI, during an interview on “The Circuit with Emily Chang” in San Francisco on April 4, 2023. Philip Pacheco | Bloomberg | Getty Images OpenAI’s board is considering plans to restructure the firm to a for-profit business, according to a source who asked to remain anonymous because the talks are ongoing. The company…

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Tag: Microsoft Corp

Salesforce will hire 2,000 people to sell AI products, CEO Benioff says

Nvidia shares hit a record as chipmaker market cap tops $3.4 trillion

AMD launches MI325X AI chip to rival Nvidia’s Blackwell

OpenAI gets $4 billion revolving credit line on top of latest funding

OpenAI raises at $157 billion valuation; Microsoft, Nvidia join round

Cerebras files for IPO

OpenAI’s Sam Altman tells employees he didn’t get ‘giant equity stake’

OpenAI considering restructuring to for-profit, CTO Mira Murati and two top research execs depart

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