Elon Musk Sues OpenAI and Microsoft for Antitrust Claims
Elon Musk files a lawsuit against OpenAI and Microsoft, alleging anti-competitive practices and conflicts of interest in the AI industry. Elon Musk has initiated legal action against OpenAI and its key partners, including Microsoft, alleging anti-competitive behavior. The class-action lawsuit, filed Friday evening in the U.S. District Court for the Northern District of California, targets OpenAI […]
Microsoft Pioneers Quantum-Exclusive Blockchain Mining Revolution
Ultimately, the new hardware has the potential to host a theoretical algorithm that has the capacity to transform proof-of-work. Microsoft and California-based Atom Computing have announced a groundbreaking development in quantum computing that could influence the future of blockchain mining. Their collaborative effort has resulted in a quantum system featuring 24 entangled logical qubits derived […]
Chainlink, Microsoft, Others Partner for Brazil’s CBDC Pilot
Brazil’s central bank, Banco Central do Brasil (BCB), has initiated phase two of its Drex central bank digital currency (CBDC) pilot, leveraging Chainlink’s CCIP and Microsoft’s cloud infrastructure. Phase two aims to develop a trade finance solution that employs blockchain technology and oracles. Microsoft, Chainlink, Banco Inter, and 7Comm collaborate on the initiative to investigate […]
AI Drives Meta & Microsoft Q3 Earnings, But Stock Prices Dip
Meta and Microsoft’s AI businesses announced better-than-expected quarterly earnings, but muted outlooks saw their shares down after hours. Shares in Meta Platforms and Microsoft declined in after-hours trading on Oct. 30 despite both companies posting strong Q3 earnings, as executives gave lower earnings forecasts and outlined increased spending plans for artificial intelligence (AI). Meta reported a […]
Microsoft Sets Timeline For Bitcoin Investment Proposal Vote
Microsoft shareholders to vote on a Bitcoin investment proposal on December 10, as board advises against it citing, volatility concerns. Microsoft shareholders are preparing to vote on a proposal to evaluate Bitcoin as a potential corporate investment. This proposal, put forth by a shareholder advisory board, calls for the company to thoroughly assess the potential role of Bitcoin […]